Growth based only on increased inputs of capital rather than on efficiency gains will eventually be subject to diminishing returns, so in developed economies, where the capital stock is already large, technological advances and efficiency gains are the keys.

ECONOMIST: Catch up if you can

Although in the Institute's study only a small proportion of managers think that technologies such as holograms, robots and bio-chips will be used to drive business efficiency in the next 10 years, the overwhelming majority think that virtual business will be commonplace and this will lead to increased virtual contact.

CNN: How to prepare your workforce for the next decade