6 Trends in 2019 will change the World
The lower customs tariffs become, which facilitates the export and import of goods and services — for example, India. In the 1990s, its duties for industrial products surpassed 200%, and in 2009, they fell below 10%.
Top Trends will change the World in 2019
Mobile Internet technologies will rule the world. Of course not – there are many other things able to turn the world upside down.
It is no secret that the world is changing rapidly. Twenty years ago, the number of Internet users did not reach 3 million, and today, there are almost 2.5 billion. Robots create machines. A weapon can be printed on a 3D printer.
All this is not just signs of technological progress, but things capable, no less, of turning the world order. Analysts at Citi Research, together with the University of Oxford, have named six global megatrends for the coming decades. Business Insider briefly presents them.
Top 6 trends in 2019
Trend 1: The world is becoming more integrated
The number of democracies is growing, and borders are opening up. Over the past couple of decades, nearly half a billion citizens have been given the choice of where to live and work. Even nondemocratic countries, such as China, are increasing their contribution to world trade and, of course, social media has a huge impact.
Value for the economy
The more borders are opened, the lower customs tariffs become, which facilitates the export and import of goods and services — for example, India. In the 1990s, its duties for industrial products surpassed 200%, and in 2009, they fell below 10%.
A reduction in customs tariffs also contributes to investment. Regional trade agreements today have broader goals — deepening economic and political cooperation and integration.
Trend 2: The population of the planet is aging
The birth rate is declining (contraceptives have become more accessible, and women, in league with men, strive to get an education and make a career).
Mortality is declining (thanks to the fight against poverty and disease).
The generation of “baby boomers” – people born in the period of a sharp rise in the birth rate – is getting older and shortly will turn into a “generation of old people.”
Value for the economy
In 1950, there were 200 million people over 60 on the planet. By 2050, their number will reach 2 billion. Working people will be proportionally less. It means that the problems of pensioners will come to the fore. For example, in Greece, the average life expectancy of men is 78 years, and the retirement age comes to 57. That is, the state must take more than 20 years to take care of a non-working person fully.
Trend 3: “Technologies of the Future” will enter the global market
Moreover, this is not the mobile Internet technologies that come to mind, first of all, experts say. Not applications for smartphones will radically change our lives, but nanotechnologies, breakthroughs in genetics, 3D printing, etc. They will cause a revolution in the global market.
Value for the economy
Today, the 3D printing market is $2 billion, but by 2021, it will grow to 12.5 billion, according to Citi. Such a seal is already used in dentistry, other areas of medicine, as well as in jewelry. Particular hopes are associated with the ability to print organs for transplantation.
Trend 4: The global economy will depend on developing countries
By 2030, the global economy is expected to double, and by 2050, it will increase again, predicts the Organization for Economic Cooperation and Development and it is not the growth of the population, but the fact that developing countries show a steady and widespread increase in incomes and living standards. That is what will give impetus to the global economy.
Value for the economy
Representatives of the middle class in China and India will become the largest consumers in the world, which means that the market will primarily focus on them. Look at how the situation will change radically: if in the early 2000s, the share of these two countries was almost zero, and the primary consumers were the middle classes of the EU and the USA, then by 2050, everything will be virtually the opposite.
Trend 5: The integration will increase systemic risks for companies
Various disasters and disasters, natural or digital, of local, regional or global scale, can significantly affect international business and the most unpleasant thing is that neither business leaders nor politicians are entirely ready for this threat.
Value for the economy
In today’s world, everything is so interconnected that companies produce different parts of their products in various countries and on different continents. It means that if a major natural disaster happens somewhere, the supply chain and production as a whole will suffer.
Natural disasters have already led to a significant slowdown in production and financial losses. For example, due to the heavy storms of 2011, many hard disk drive factories were closed in Thailand, which is 28% of their global production. The release of laptops and digital recorders has virtually stopped. In the fourth quarter of 2011, Intel profits fell by $ 1 billion.
Total flood losses amounted to 45.7 billion dollars (this is roughly equal to Kenya’s GDP!).
Trend 6: The global management system has become obsolete
Governments alone cannot withstand global risks, but together, they do poorly, at least within the framework of current international organizations. They were created at another time and are not adapted to the new world order. In 1945, when the UN appeared, the population of the Earth was 2.5 billion people, and global GDP was $ 7 trillion. Today, the community has grown almost three times, and GDP – 10 times.
Value for the economy
In the workshop of typewriters will not be able to repair the computer – and organizations of the 20th century are not able to solve the problems of the 21st century, analysts conclude. Take global climate change: everyone agrees that this is a severe problem, but they do practically nothing to solve it. So international discussions alone are not enough – a complete reorganization of global governance systems is required.
About the author
Melisa Marzett is a writer who writes articles for edit company and who has been writing since she was a little girl. Only back then, she was more into horror stories, but she still likes Stephen King. Apart from writing, she is into a healthy lifestyle, physical training a morning runner.
