Overview
- The Royal Swedish Academy of Sciences honored Joel Mokyr, Philippe Aghion and Peter Howitt for explaining innovation‑driven growth through a culture of ideas and the churn of creative destruction.
- The Academy warned that conflicts from disruption must be managed constructively or established interests will block new entrants and slow progress.
- Commentators in South Korea, India and the UK urge pro‑competition reforms, bigger R&D investment, open research, stronger university–industry links and transition support for displaced workers.
- South Africa’s National Consumer Commission said it will conduct a scoping exercise on e‑commerce despite no formal complaints, highlighting tension over how to treat fast‑growing platforms such as Temu and Shein.
- Artificial intelligence is cited as a near‑term test case, with potential productivity gains tempered by concerns over concentrated benefits and difficult labor market adjustments.