• Fathom’s fixed capital investment optimiser, outlined last week, indicates not only the US but also Poland as attractive options for investors
  • Japan and the euro area are suboptimal options, due to the risk-averse attitude of their corporate sectors, and also chronic inefficiencies arising from Japan’s dependence on debt and the EA’s lack of integration
  • Risk aversion ensures stability, but not dynamic growth
  • Skilful innovators are stifled by Japan’s corporate conservatism
  • The euro area’s approach to innovation seems counterproductive, or even destructive, towards innovators

 

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