Abstract
PurposeThe purpose of this paper is to provide a short comment on the current US innovation concerns and a recent paper by Tom Abeles.Design/methodology/approachExtracts are given from the Business Trends Library showing the relationship of the advanced (post‐industrial) countries with the rest of the world. Insights are given into the rising importance of the multi‐national corporations.FindingsThe post‐industrial countries have overwhelming advantage over the rest of the world, with very different world development roles played by both sides. The multi‐national corporations act as the organs of transfer of technology to the less developed world.Originality/valueThe importance of how innovation and business development arises in the post industrials and how it is defused is shown.
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