 To make, if I may, three comments about the innovation scene worldwide and having underlined its centrality really to the economy and its importance now and I think those three comments would be there definitely has been a geopolitical shift in innovation capacity. You see that for example in the area of international patent applications last year 45% came from Asia, 45%. Now that's, if you went back 20 years, Asia was about 7%. So this is something very real and it changes and will change the nature of the competition and competition is increasingly based on innovation, on value addition. The second thing I would like to say is that I don't think we can overestimate the degree of asymmetry in technological capacity around the world. So technology is a divider and there is a risk that those asymmetries will be exacerbated with the speed and scale of technologies, penetration into the economy and society. I would like to say just finally that there are many forms of innovation. So innovation covers not just the hard technology that we always think of but it also covers marketing, distribution, it covers the creative industries that we can also talk about. It's a very expansive concept. When you're talking about who wins from innovation, in my view the real winner are those who create market enabling innovations. And there you can think for example of the whole IT revolution. But if we look at the contemporary world, which created extraordinary employment and economic growth around the world, but if you look at the contemporary world I would point to artificial intelligence first of all. I think artificial intelligence we are at that stage in relation to the artificial intelligence that we may have been in relation to information technology at the end of the 1980s. Just entering into something which is going to have a radical, huge and pervasive effect on the economy. Another one that I would name is CRISPR Cas9, the capacity to intervene on the genome of plants, humans in an extremely efficient and precise manner which was not available in the area of biotechnology. These two technologies are creating and will create enormous markets and applications and generate employment. There might be others, you might look at renewable energy and so on. But this form of innovation is, these are the winners.