General (World Trends) Two Worlds and Six Trends for 2050 | Muhammad Tanveer Iqbal | Thecapitaldebates

The world that Mitsubishi Research Institute should aim for in 2050 is a rich and sustainable world. To achieve this, a consensus is needed to share "common interests" among multiple countries.  In addition to the United States and China, each country, including emerging countries that will emerge in the future, has fundamental values ​​and morals based on them, such as respect for basic human rights, the rule of law, respect for privacy, and the importance of sustainability It is required to share social norms and comply with them.
General (World Trends): Two Worlds and Six Trends for 2050 The world that Mitsubishi Research Institute latest research in 2022
General (World Trends) Two Worlds and Six Trends for 2050 | Muhammad Tanveer Iqbal | Thecapitaldebates

On the other hand, looking at the world economy up to 2050, it is expected that multi-polarization will further progress. With the rise of emerging economies such as India in addition to the United States and China, there is a possibility that the battle for hegemony between major powers will intensify.  If a "rich and sustainable world" is not realized, the division of the world will progress, a free and open international economic system based on international rules will not be formed, and efforts to tackle climate change will be carried out.International consensus building will also be difficult. Then, how should we look at the trends of the world that we should keep in mind when pursuing the image of the world that we should aim for?  Digital technology is expected to bring about various changes at each layer of the international community, government, companies, and individuals.  In the following, these world trend changes are described as six trends.

Trend 1: The rise of the digital economy

By 2050, digital currencies issued by platforms and the economic activities associated with them will expand, and a digital economic zone will be formed.  The digital economies formed around the world will grow rapidly and become deeply rooted in corporate activities and personal lives, as they are not physically constrained.

Trend 2: International order without hegemony

In the international community, a world without absolute hegemony will be realized.  By 2030, China's economy is likely to be on par with the United States.  By 2050, the US and Chinese economies will both drop their global GDP share to the 20% level, while the rise and expansion of the Indian economy will begin in earnest.  As a result, the United States, China and India will account for half of the world's GDP, but none of them will continue to be an absolute hegemony.

Trend 3: Sound material-cycle society that realizes decarbonization

The further spread of digital technology will support the realization of a sound material-cycle society.The transformation by technology and the transformation of business model and market structure will realize a small decentralized energy supply system in the local community.  As a result, the construction of a supply and demand structure centred on renewable energy such as solar power and wind power will accelerate on the energy side, and recycling and substitution will accelerate on the resource side.

Trend 4: The Changing Government Role

The rise of the digital economy will also affect the role of government.  While existing administrative services are required to be as efficient as possible, the role of the government is to formulate international rules, build a compliance system, create a new environment with the expansion of the digital economy, and provide a safety net against economic disparities. Let's expand.

Trend 5: A society where diverse communities coexist

Changes such as the elimination of distance and language barriers due to digital technology have the aspect of promoting community interaction.  On the other hand, when discussing and making assertions in the digital space, there is a risk that the division between communities such as political parties and religions will deepen because of the characteristics of deepening the division of communities such as filter bubbles * 1 and echo chambers * 2. be.

Trend 6: Technology-dependent life

Personal life will also change dramatically.  With the implementation of various innovations, more than half of economic activity will be related to the digital economy, increasing free time by automating household chores and reducing commuting time.  Furthermore, with the progress of life science, healthy life expectancy will be extended.  These will improve the affluence of life and diversify the scale of people's affluence.

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