This report is part of the Michigan Future, Inc. New Agenda for a New Michigan project. Its focus is on identifying a path to better position Michigan to succeed in the flattening world economy of the future, a path that will return Michigan to high prosperity, measured by per capita income consistently above the national average in both national economic expansions and contractions.
Our basic conclusion: What most distinguishes successful areas from Michigan is their concentrations of talent, where talent is defined as a combination of knowledge, creativity and entrepreneurship. Quite simply, in a flattening world, the places with the greatest concentrations of talent win! States and regions without concentrations of talent will have great difficulty retaining or attracting knowledge-based enterprises, and they are not likely to be the places where new knowledge-based enterprises are created.
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