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Collaborative Innovation is the Answer
January 31, 2008


Terry Mock
Executive Director

The cover on Newsweek magazine this week is titled "The Road to Recession." This title signals what many land developers have known for some time - an unavoidable recession has already started.

The economic news coming out of the annual World Economic Forum, which has just concluded in Davos, Switzerland, is not good.

Nouriel Roubini, an influential professor of economics and international business, is quoted in the Times, U.K. as saying that it is not whether there will be a soft landing or a hard landing in the US, but rather how hard will the landing be. Further, he contends that the recession is going to be deeper, will last at least four quarters and will be severe

“We know booms and busts are aspects of capitalism and have been so historically. Many of them have been driven by a technological innovation--whether it was the railroad or the Internet--and they may create bubbles, fraud and eventual losses. But they are also driven by real innovation,” he is quoted to say in the article.

“This latest crisis we see today differs from such historical examples in two important elements. First, with housing there was no technological revolution of any sort. We still build homes basically the same way we did 50 years ago. The innovation in this instance was financial…,” he concluded.

So, if financial innovation has led us into the latest bust phase of the business cycle, can another type of innovation lead us out? According to Klaus Schwab, founder of the World Economic Forum, “Collaborative innovation is needed to unlock the future as the world is facing a variety of challenges”.

This need for collaborative innovation is also becoming acutely obvious in the land development industry, as stated by SLDI President Tony Wernke in his latest SLDT article Seeing Through the Cycles.

“Individually, we are at the mercy of the rest of the world. Together, we can achieve the necessary vision of a truly sustainable future that embodies a triple-bottom-line perspective,” Wernke stated.

Your participation and comments are welcome.

Terry Mock
Executive Director
Sustainable Land Development Internationa
l

Sustainable Land Development International

 




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Featured Article

  • Beyond Buildings
    (January 2008) The first industry-wide association dedicated to sustainable land development is launched. There have been plenty of examples of previous civilizations that have come and gone, who have been at the same crossroads and taken the wrong turn and they did not achieve sustainability. We have the opportunity now to make the right decision at the right time.
    Source: Sustainable Land Development Today Magazine


Headlines

  • Address Climate Change through Land Use
    (January 29, 2008) As the state of California leads the nation in its efforts to set tougher emission standards for cars and trucks sold in the state with its lawsuit against the U.S. Environmental Protection Agency (EPA), other less obvious alternatives for reducing greenhouse-gas emissions and addressing climate change challenges should be considered.
    Source: San Francisco Chronicle
  • Local Government and Sustainability
    (January 28, 2008) Local Government holds the key to sustainable development
    Source: eGov monitor, UK
  • Subdivisions go Green in Central Arkansas
    (January 28, 2008) Nationally, green building is gaining momentum, particularly in the past year, said Ed McMahon, senior resident fellow for sustainable development
    Source: Arkansas Democrat Gazette
  • Development central concern at meeting on land-use plan
    (January 27, 2008) In the first regional workshop to determine a land-use plan for New Bern and surrounding towns, participants kept coming back to “the D-word”: Development
    Source: Sun Journal
  • Staying Stable
    (January 10, 2008) By many estimates, the United States is heading into the recession that has been postponed since 2001.
    Source: Russia Profile
  • Can India and China save the World's Economy
    (January 27, 2008) With fears mounting of a global economic slowdown, some analysts predict developing giants China and India, with their booming growth, will help lessen the impact.
    Source: Shanghai (AFP)
  • Nobel Prize winner slams Climate Efforts
    (January 24, 2008) What we are pursuing is not a sustainable pattern of development.
    Source: Swissinfo
  • Future Crises Management
    (January 20, 2008) The challenge of the future, according to the UN, will be to maintain sustainable (and the emphasis is on sustainable) development
    Source: Korea Times
  • Timber Thieves strike at Heart of Lands held dear
    (January 20, 2008) Across the country, trees are disappearing.
    Source: New York Times
  • Hundreds turn out to see Proposal for Gateway Park
    (January 25, 2008) The project will provide ecosystem restoration, it will increase recreational opportunities and bring greatly needed economic development.
    Source: Fort Worth Star Telegram
  • Built for the Earth and the Pocketbook
    (January 27, 2008) We don’t want green homes to be something that only people with lots of money can have.
    Source: New York Times
  • X folks thinking Green
    (January 24, 2008) With thousands of people descending upon this week's Winter X Games, there's undoubtedly going to be some kind of environmental impact.
    Source: Associated Press
  • How Green is their Growth: Environment and Development
    (January 26, 2008) A new study argues for a (positive) link between economic expansion and ecology
    Source: The Economist

 

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