Original article by A.Michael Spence and Karen Karniol-Tambour, Council on Foreign Relations 

Extracts :

Several positive macroeconomic trends suggest that the global economy could finally be in a position to achieve sustained and inclusive growth. But whether that happens will depend on whether governments can muster a more forceful response to changing economic and technological conditions.There are several important items missing from the policy mix that cast a shadow over the realization of both full-scale productivity growth and a shift to more inclusive growth patterns

Growth potential cannot be realized without sufficient human capital, most job markets have a large information gap that will need to be closed,firms and individuals tend to go where opportunities are expanding and publicly funded research in science, technology, and biomedicine is vital for driving innovation over the long-term.