Global Trade

What's the Future Hold?

Here are a few educated guesses . . . .

 


Futurists are experts who study trends and then make predictions about what’s likely to happen. You won’t find their predictions at the supermarket check out counter. These predictions aren’t based on visions but on a cool, detached look at the facts.

There are many areas in which futurists agree and, naturally, many in which they don’t. These are areas of agreement among futurists:

Technology – This is the primary driver of change in our future. Significant areas include telecommunications and electronics, biotechnology as it relates to agriculture and health, and materials in manufactured products and construction.

Interdependence – the world is becoming more interdependent economically and socially which may create serious issues among nations. Businesses may be better at facilitating this interdependence than nations.

Decline of the U.S. – Like it or not, a decline is predicted both militarily and economically for the U.S. so that America takes its place among equals.

Aging of the U.S. – This nation’s population is aging which could represent a real culture shock for a country that’s been young for most of its history.

Slower Growth – Higher energy costs, increasing world population and greater demand for resources will slow global economic growth.

Increasing Complexity – Activities are becoming more complex because more people are involved and there are new, complex technologies.

Transition with Continuity – On the other hand, great changes are likely to occur within a framework of continuity that are likely to keep the basic shape of society the same.

Energy Transition – The end of oil as the dominant energy source within the next 50 years requires a transition to other forms. This change will result in turbulence among economies and societies.

Demands of the Information Society – New demands will be placed on literacy and competence. There will be a requirement for new skills and new training and many doubt the ability of traditional educational institutions to deal with these needs.

Education – Much improvement is required and it remains to be seen if the system can pull it off. There will be increased competition for traditional educational institutions.

Nuclear War – While full-scale nuclear war such as that which was much feared during the Cold War is unlikely, there is a greater threat that smaller nations will gain access to nuclear weapons.

And here are some areas where futurists disagree:

Can the world’s population continue to grow or will it stall?  Is technology driving change or is change driving technology? What will be the impact on the world and the U.S. of reduced military spending? Will the world care what happens in Africa? What will be the impact?

 

Dennis Hessler

Spyglass Point Productions


 

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