Full Title: Game Changers: Five Opportunities for US Growth and Renewal
Author(s): Susan Lund, James Manyika, Scott Nyquist, Lenny Mendonca, Sreenivas Ramaswamy
Publisher(s): McKinsey Global Institute
Publication Date: July 1, 2013
Full Text: Download Resource
Description (excerpt):
This report identifies game changers in energy, trade, big data, infrastructure, and talent. Within each of these areas, we explore the most promising opportunities for growth, including the continued expansion of shale gas and oil production; increased US trade competitiveness in knowledge-intensive goods; the potential of big data analytics to raise productivity within sectors; increased investment in infrastructure, with a new emphasis on its productivity; and new approaches to both K–12 and post-secondary education. This list includes specific sectors in which momentum is already unfolding, such as shale gas and oil, as well as fundamental enablers that will underpin competitiveness across the broader economy, such as talent development. Several can immediately boost demand to accelerate the recovery, and all of them provide a foundation for long-term growth. We calculate that each one of the game changers could boost annual GDP by hundreds of billions of dollars by 2020 and create millions of jobs—with infrastructure and talent delivering even more dramatic gains by 2030. There are solid reasons to believe that conditions are right for the United States to capture these opportunities by moving now.