Rotterdam school of Management, Erasmus University compact logo

But the Dutch economy also performed worse on a few key points, according to Professor Henk Volberda of the Rotterdam School of Management, who has been delivering the Dutch results to the WEF since 2004. The Netherlands is particularly falling behind when it comes to innovation. Where countries like Israel, Sweden and Switzerland all spend over 3 percent of their national income on R&D, the Netherlands spends only 2 percent, putting the country in 19th place when it comes to innovation funding. This means that in the area of new technologies like AI, robotics, big data and blockchain, the Netherlands risks missing the boat. Henk Volberda of RSM stated that the problem lies with the existing top sector policy. "That focuses on established industries. A technology like blockchain is a danger for the big banks and logistics companies, but it can also be a great opportunity." Another issue, paradoxically, is the flourishing economy. It creates problems on the labor market. "Companies have more and more trouble finding good staff and the existing staff often receive insufficient additional- or re-training", Volberda said. Companies in the Netherlands are also not very diverse when it comes to their male/female, or ethnic composition. "While it's been proven that diverse teams score better", Volberda said. "A country like Canada is strong in that."

Participants

  • Henk Volberda
    Role: Faculty
    Reference type: Referenced

Media Outlets

  • NLtimes (Online)