Trends Identified
Feeding the future
How will the world feed a population projected to grow from 7.6 billion in 2017 to 9.8 billion in 2050? Climate change will accentuate weather volatility and the amount of arable land is projected to decline from 0.23 hectares per person in 2000 to 0.15 by 2050 due to environmentally unsound practices. Precision agriculture and biotechnology are promising solutions for achieving sustainable and stable food production. Reflecting this view, investment in agriculture technology grew, on average, 63% yearly from 2010–2015. In smart farms, moisture sensors in the soil are linked to the farm’s irrigation and humidity systems, while operations like weeding and harvesting are performed by agri-bots. With farming processes mirroring tightly-controlled factory operations, food production could become more stable, efficient and cost-effective.
2017
Foresigth
Singapore, The Centre for Strategic Futures
Satellites down
In August 2016, a 1-cm-wide man-made object collided with the European Space Agency’s (ESA) Sentinel 1A satellite, creating a 40-cm crater and a change in orbit. As more and more satellites are launched, the risks of space debris disabling satellites and disrupting navigation and communication systems will rise. Indeed, roughly one in ten functioning satellites in the Earth’s orbit had experienced collisions like that of the Sentinel 1A. The frequency of such collisions is rapidly increasing; it is predicted that over the next two decades, the average time interval between collisions could shrink from 10 years to just five.
2017
Foresigth
Singapore, The Centre for Strategic Futures
Climate winners and losers
Climate change is about more than melting icecaps and flooded coastal cities. Climate change action, or inaction, will affect which nations and economies become tomorrow’s economic and geopolitical winners and losers. Food production could shift. Canada, Siberia and potentially even parts of Antarctica could become more habitable and productive, while current bread-baskets in the US and China face increasing desertification and extreme weather.
2017
Foresigth
Singapore, The Centre for Strategic Futures
The riddle of work and income
The revolution of work has long been under discussion, and the industrial world is on the brink of the unknown. The rapid progress of technology that has led to digitisation, robotisation, artificial intelligence and automation is modifying almost all areas of known activity. However, there is currently no clarity as to what the revolution of work ultimately means. Public debate often addresses the significant diminishing of work and traditional workplaces while, on the other hand, welcoming the flourishing of new types of working methods and the creation of workplaces with the aid of new technologies.
2017
Megatrends 2017
Finland, The Finnish Innovation Fund Sitra
Democracy fatigued
In the West, the disintegration, or even a crisis, of democracy has been discussed for years. Turnout percentages and party memberships have steadily decreased. However, awareness of the crisis in discussions has not led to activities to reinforce democracy. Not even the financial crisis or the rise of populism have brought reforms. The game only changed in 2016. The United Kingdom’s decision to leave the EU, the subversive election struggle in the United States and Donald Trump’s presidency, which defied all familiar political models, have encapsulated many of the problems with democracy that must be solved promptly. In order for democracy to work, it must be reinforced, new methods of operation must be found and there must be greater inclusion.
2017
Megatrends 2017
Finland, The Finnish Innovation Fund Sitra
The economy at a crossroads
Since the 2008 financial crisis, the global economy has endured a long period of slow growth. Although there are many signs of recovery, and there has been significant growth in countries such as the USA and Germany, there are many reasons why this growth is vulnerable. Its vulnerability is related to features such as the poor growth of productivity in the West, an ageing population, uncertain prospects in China and the price of oil, which can easily affect the global economy. Even more importantly, the unsustainable use of natural resources and carbon dioxide emissions now enforce much stricter parameters for growth than in the past. Discussions on economics have often raised the question of why growth is an aspiration. Increasing attention has been paid to the fact that the economy should above all be a means to achieve other ends, such as the experience of well-being.
2017
Megatrends 2017
Finland, The Finnish Innovation Fund Sitra
The rich are aging, the poor are not.
Working-age populations are shrinking in wealthy countries, China, and Russia but growing in developing, poorer countries, particularly in Africa and South Asia, increasing economic, employment, urbanization, and welfare pressures and spurring migration. Training and continuing education will be crucial in developed and developing countries alike.
2017
Global Trends: The Paradox of Progress
USA, US National Intelligence Council
The global economy is shifting.
Weak economic growth will persist in the near term. Major economies will confront shrinking workforces and diminishing productivity gains while recovering from the 2008-09 financial crisis with high debt, weak demand, and doubts about globalization. China will attempt to shift to a consumer-driven economy from its longstanding export and investment focus. Lower growth will threaten poverty reduction in developing countries.
2017
Global Trends: The Paradox of Progress
USA, US National Intelligence Council
Technology Complicates the Long-Term Outlook
Most of the worlds’ largest economies will struggle with shrinking working-age populations, but all countries will face the challenge of maintaining employment—and developing well-trained, resilient workers. Automation, artificial intelligence (AI), and other technological innovations threaten the existence of vast swaths of current jobs up and down the socioeconomic ladder, including high-technology manufacturing and even white-collar services.
2017
Global Trends: The Paradox of Progress
USA, US National Intelligence Council
Technology is accelerating progress but causing discontinuities
Rapid technological advancements will increase the pace of change and create new opportunities but will aggravate divisions between winners and losers. Automation and artificial intelligence threaten to change industries faster than economies can adjust, potentially displacing workers and limiting the usual route for poor countries to develop. Biotechnologies such as genome editing will revolutionize medicine and other fields, while sharpening moral differences.
2017
Global Trends: The Paradox of Progress
USA, US National Intelligence Council