The end of the 'Spiky' world: Talent & the return of nations

'Spiky' world I am, of course, referring to Richard Florida's observation that the world was not flat (as Thomas Friedman observed) but spiky. The demise of Berlin Wall, the fall of Soviet Union and the rise of globalism might have undermined the national borders, but its most important resource - talent - tended to be concentrated in certain geographies. This is a very much 1990s idea marked with the celebratory mood of globalism. But the vision was empirically sound: the new globalism not only propelled Silicon Valley to unparalleled dominance, it also regenerated the great urban clusters of New York and London. There were newly affluent and expansive cities brimming with cosmopolitan talent, such as Bangalore, Singapore and Gurgaon. Each country and every region had their own centres of attraction and the history of the last two decades has been a history of migration of talent into these vast ecosystems of enterprise and commercial creativity. But the magnetic attractio...