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TrendfortNextYears
TrendsfortheNext50Years
Thisreportwascreatedunder
Centerforthe
thedirectionoftheIECente
Governanceof
theGovernanceofChange
Reporthighlights3introduction
6
Chapter1
EmergingTechnologies,Governance,andEthics17
Chapter2
EconomyandProsperity33
Chapter
3
EnvironmentandClimateCrisis
49
Chapter
4
ExistentialRisks
62
Chapter5
EducationandtheFuture
ofKnowledge
73
conclusion
90
contributors
96
highlights
Inthenext50ycitizensfromG2believethat…
highlight
ArtiicialIntelligencewillseamleintegrateintoourdailylives,enproductivityintheworkplace.
healthPersonalizedAhealthccareempoweredbytheadvbiotechnology,will
biotechofhope.
nology
Thepopulationwillwealtbericherinthefuture,butthedistributionofwealthwillbedistrimoreunequal.
tion
Achangingjobmarkepotentiallygrowingjobunemploymentwillre
enhancingskillsandmarketnewtechnologies.
highlight
Theclimatecrisiswillworsen,yetagovernmentclima-ledenergytransitionmaypavetheway
foragreenerfuture.
cris
collaboIncaseofacatastthatputshumanity
ratingcitizenswouldtrythethreat,mobiliz
with collaboratingwith
others
Educationwillplayapivotal
roleinshapingthefuture,withAI-ledclassroomsEducaandemphasisoninnovationand
entrepreneurship.tioTheHumanitieswill
inthefutureofknholisticunderliningaholisthatcombinestechn
approachhumanvalues.
introduct
introductio
50yearsago,thefuturistAlvShock",abookinwhichheintroacutedisorientationcausedbychangeinashorttimespan.Hacceleratedpaceoftechnologadvancementswouldleavenumerfeelingalienated,leadingtosheightenedstress.ToflerfurththesocietalchallengesfacedweofthisFutureShock[1]
AmongTofler'spredictions,oremarkablewastheanticipationinternet,foreseeingthataknowouldeclipsethepost-industritodayevidentwhenconsideringeconomyhasbeengrowingatan10%,outpacingthegrowthofthHealsoforesawthedevelopment
Nevertheless,notallofTomaterialized.Forinstance,disintegrationofcities.Todaytheglobalpopulation,or4.4burbanareas.Projectionssuggesigurewillmorethandouble,wipeoplelivingincities.Toflerwouldinhabitartiicialcitiesthatremainsunrealized
ThedecadesinwhichToflerpenwitnessedtheinceptionoffuforesightstudies.Today,beyonfutureevents,foresightempoweshapeourresponsestotheopportunitiesofthenext50yeforanever-evolvingworld
Tofler,A.(1970).Futureshock.RandomHous
WorldBank.(2021).Digitaleconomyoverview/en/topic/digital-economy/overv
Schneider,K.(2016).AlvinTofler,AuthoroYorkTimes./2016/06/30/bfuture-shock-dies-at-87.html
introducti
Whatisforesight?
WhileToflerdidnotexplicitlyideasabout"futureshock"laithediscipline.Theterminolomuddled,withtermslike"fores"prediction"bandiedaboutinteinaccurately
Forecastingisthescienceofpmightholdbasedonthelessoneverydayexercise,akintothewishingonehadpriorknowleevents[4]
Foresight,however,isnotjustthefuture;it'sanactiveextomorrows,wheretheaimisnotprepare.Throughacombinationarratives,andimmersiveexpseekstopushboundaries,steconventional,andpre-emptingandpitfallsinourever-evolvi
Pundhir,A.(2020).TimeSeriesForecasting/analytics-vidhya/time-series-forecas
Hajizadeh,A.,&Valliere,D.(2021).Entrefutureopportunities.Futures,135,102876.httj.futures.2021.102876
introducti
Why
foresight?
“Thefuturecpredicted,bucanbeinvent
DennisGarborInthenext50years,changewi(1971Physics
NobelPrizetheriseofgenerativeAIandLaureate).[1]technologies,ourworldwill
preparehumanityforthesechannavigatethemeffectively,itengageinforesightexercisesactiveparticipationfromalls
Thequantiiablebeneitsoffortoday'slandscape,asshownby
Inthelastfewyears,UNICEFstrategicforesightwork,analmegatrendswithimplicationsfbeingandUNICEF'smission.Thglobalhealthcrises,inequaldynamics,globalmigration,antechnologyoneducationandempchild-centeredforesightapproavariouscountryofices,suchatrendshavebeenusedtodevscenarios.Theseeffortshavelof17criticalthemesandthelookingactionplanwithintheprogram[6].
Gabor,D.(1963).InventingtheFuture(Sec(pp.184-185).
introducti
AnotherexampleisNetlix,wprimarilyaDVDrentalcompancompanynoticedthesocietalshmedia.In2007,theyinvestediandsecuredcontentlicensingatheironlinestreamingservicegarnered30millionstreaming2023,theyhave238.39milworldwide[9],leadingtoanannmillionin2022[10].Foresightearlyandbecomeadominantentertainmentindustry
Academicliteraturealsosuppor“Corporateforesightanditsperformance:AlongitudinalanandKumdemonstratedthatirmspreparednesssigniicantlyoutpeachievinga33%higherproitabigrowthin2015.Conversely,irmfuturepreparednessfacedaperangingfrom37%to108%,underoleofstrategicforesightin
SchoolofInternationalFutures(SOIF).(20foresightingovernmentsaroundtheworld-fulforScience.https://assets.publishing.service.media/609aa813d3bf7f2888d18fe3/effective-systemreport.pdf.01
VanderPijl,P.(2019).HowNetlixshifttservice,fromDVDtostreaming[LinkedInpost]./pulse/how-netlix-shift-businesvan-der-pijl
Statista.(2023).Netlix:numberofsubscri/statistics/250934/quarterly-nusubscribers-worldwide
Statista.(2023).Netlix:quarterlyrevenustatistics/273883/netlixs-quarterly-revenue
Rohrbeck,R.,&Kum,M.E.(2018).Corporaperformance:Alongitudinalanalysis.TechnologChange,129,105-116./10.1016/j
introducti
WhyIEUniversianditsCentertheGovernanceChange?
Oneofthemissionsofacadindividualsandsocietieswithanticipateandadapttoupcomopportunities,particularlywiByunderstandingtheevolvilandscapeandshiftingsocietcanempowercitizenstoimaginabletoimaginethefuture,sopassiveobserver,butanactithecourseoftechnologytowainclusive,empowering,andaliwell-beingofhumanity
AsIEUniversitymarksitsinnovativeteaching,impact-opurposefulsocialengagementcommunitylooksforwardtothrenewedenergyandthesamecothefutureofeducationasag
Tocontributewithvaluablemission,theCenterfortheGtheappliedresearchinstitutstudiesthesocialimpactofetechnologiesandleveragesfgovernancesolutions-hasusetoconductaforesightexercianalyzessomeofthebigglobaofchangethatwilldetermineinthe2070s.
introducti
Foresightpowerebycollectiveintelligence.
“Incaseswheremattsocialareconsiderestructureisthepubthemostpowerfulstnotengineersorinvordinarypeople.”
YuichiWashidaThisreportharnessescollect(Hitotsubashi
valuableindingsoftenemergeUniversity)and
AkihisaYahatagroups ofpeopleco-developne
(JapanResearch
Institute).existingonesasagroup.Thiinvolvesengagingcitizens,
internationalorganizations,antheprocessofthinkingaboutttranscendsthetraditionalnotifew"gurus"andinsteadfosterencompassingbothpublicopinio
Byincorporatingtheperceptionviewsofexperts,wechallengetobemoreintentionalandinclthediscipline.DataexpertStthatthewayinwhichaquestdetermines,orattheveryleastheanswersobtained.Inaneexponentialgrowthofinformatinotonlytouseexistingdataquestions,butalsotoconsiderpublicopinion.
Leimeister,J.M.(2010).CollectiveintelSystemsEngineering,2(4),245–248
Malone,T.,Laubacher,R.,&Dellarocas,Cgenome,MITSloanManagementReview51
introducti
Wehopetheinsightsfeaturedforesightprofessionalsanddatquantitativevariables,withpudriverforfuturesresearch.Thenrichtheliteratureofforesiscienceofforecasting.Moreoveopportunitytoexploreresiliforesightallowsustoassescommunitiesaregettingreadyinsightscanguidepracticalainternationalorganizations,aidentifytrendsinresiliencesupport.
Methodology
Weoptedtousesurveysasamcollectiveintelligenceintoth
Traditionally,focusgroupshamethodtoaddressbroaderenvironmental,orculturalthsurveys[14].However,thereasurveyshavebeeneffectivelyutoaddressmoreexpansiveissue
Surveysserveasapivotalinstincitizens’behavioralpatterelectricvehicleproductionsursurveystodiscernconsumeranticipateemergingmarketdyna
InAustralia,forexample,acombinedtraditionalscenariop
Chambers,I.,etal.(2019).ApublicopinAustraliain2050.Futures,107,119-132.https
Chan,L.,&Daim,T.(2012).Exploringthestudiesoninnovation:CaseofBRICcountries.
introducti
opinionsurveymethodologies.identiiedkeydriversforenAustrleveragedthesedriversuretocrafscenariosforthecountryby205
Similarly,inJapan,researcherutilizedsurveysaspartoftefforts,acrucialforesightearchmeaimedtoevaluatethepredictivscenariosdevelopedthroughhori
TheChineseAcademyofScienconductinglong-termtechnologyemphasizingtheroleofsurveyactivities[18]
Inourpursuitofcollectivewei
haveoptedforanissue-centere
asarticulatedbyAmanatidouusedet
amethodologythatdrawsinspi
one of the most consolidated
harnessingcollectiveintelligeroved
byGreen,K.C.,Armstrong,08)[20]J.S
Ibid
Washida,Y.,&Yahata,A.(2020).Predictiscenarios.Foresight-Thejournaloffuturest23(1),17-32./10.1108/FS-05-202
Dreyer,I.,&Stang,G.(2013).Foresightaroundtheworld.EuropeanUnionInstitutefor[19]Amanatidou,E.,Butter,M.,Carabias,V.,KSchaper-Rinkel,P.andvanRij,V.(2012),“Onscanning:lessonsfrominitiatingpolicydialogandPublicPolicy,Vol.39No.2,pp.208-221
Green,K.C.,Armstrong,J.S.,&Graefe,fromGroups:DelphiandPredictionMarketsCompssrn.1153124
introducti
Ourprocessunfoldoverthreeiter
1stiteration
consolidatedscenarioforesightframeworks
Weinitiatedouranalysisbyforesightframeworksandspecscenarios,inthecontextofplanning,refertoimaginativeaboutdifferentpotentialfutstepallowedustobuilduponandframeworksthatareexplai
2nditeration
surveyinG20countri
Movingintotheseconditeratscenariosbyintegratingpublscenarios,wederivedasetoposedtoacarefullyselectedacross20countries(the19cG20,plusSpain):Argentina,China,France,Germany,IndiaMexico,SouthKorea,Russia,Africa,Spain,Turkey,theUnUnitedStates.Thissamplesrespondentspercountry,isrepresentative,boastinga955%marginoferror.Oursadistributionofeachcountry’region,age,andgender.
introducti
RespondentswerepartofrecurbyNetquestorafiliatedcompasocialmedia,directmailing,ootherrespondents.Theyreceiincentivesforrespondingtoea
Intheanalysis,responsescateorleftunansweredweretreated
3rditeration
apaneloffuturists
Finally,apanelofninefutuexpertsanalyzedtheindings,results,andproposedtheoriesanticipatewillshapethenextclassiiedinto5categories
EmergingTechnologies,GovernEconomyandProsperit
EnvironmentandClimateCrisiExistentialRisk.
EducationandtheFutureofK
Additionally,theDeansofIEUthisreportbysharingtheirpedriversofchangefortheupcom
Chapter1
EmergingTechnolGovernance,and
Trendsfor
theNex
Years
chapter
Inanagedeinedbytheraptechnologicaladvancement,thetransformativetechnologiesandimensionsofinnovationholdsigniicanceforthenext50yeaasocietyregardingthegovernIntelligenceortheuseofbiobodieswillhaveprofoundimplfutureofhumankind.Thesechoinotonlytheprogressandwelcommunitiesbutalsotheveryemeanstobehuman
OuranalysisfoundthatthereamongG20citizenswhenitcomtechnologicalscenarios.Citibetweenafuturewheretechnounprecedentedsocietalprogressmarkedbyincreasedsurveillandilemmas.However,thereisagrkeypoints:thepositiveroleoivedecadesfromnowandtheuaddresstheclimatecrisisasochallengeinthefuture.
Tofler,A.(1970).Futureshock.RandomHou
WorldBank.(2021).Digitaleconomyovervie/en/topic/digital-economy/over
Schneider,K.(2016).AlvinTofler,AuthorYorkTimes./2016/06/30/future-shock-dies-at-87.html
chapter
TECHNOLOGICALCHALLENGES
Askedtorankfourtech-relateimportanttheywillbein50yeplaceenvironmentalconcernsirthegrowingurgencyofaddressievidentinrecord-breakingtemrecentsurgeinextremeweatherpastsummer.Itcanalsobeagrowingcoverageoftheclimateandtheincreasinglyworryingfromthescientiiccommunity
Thereisatiefortheseconchallengein50years'time.Oconcernaboutgrowingsocietexacerbatedbytechnology,andmasssurveillanceandgovernmenranking.Transhumanidentity(iboundariesbetweenhumansandrankedlast.
Q1.1.
Inyouropinion,whichofthefollowingmostwillrelevantbetheethicalchallpresentedgbytechnologyin50years’time?
22%GrowingSocietal
inequalities
exacerbatedby
technology.
Mass21%surveillance
andgovernment
control.
19%
38%
Transhumanidentity,
blurringtheboundaries
Competitionfornatural
ofhumansand
resourcesand
machines.
environmentalconcerns.
Amongthe20countriessurveyedChinaaresurprisinglytheleastsurveillanceandgovernmentconthisasthetech-relatedchallenwillbethemostrelevantinthinChinacontrastswithaglobalinstance,31%intheUnitedStatKingdomandGermany,and16%inwheninternationalhumanrightscriticizeChina’sgovernmentfortosurveilitspopulationonremarkabletoobservethatCthemselvesappeartoberelativethisissue.
chapter
OneofthemoststrikingtrendswasthedivergenceinfocusbetwMiddleEasterncountriesandtheThesecountriesseemedtotakefuturisticpotentialandrisksofseriouslythandidmostoftheretherisksoftranshumanism,thetransformeveryaspectofhumanbiodisastersandthepromiseexistenceallmuchhigheronavpartsoftheworld
WhetheroneagreeswiththeseperishardtodenythatthosewhogrwithpotentiallytransformativelikeliesttoshapethefutureweandMiddleEasternersseemtobemorethantherestoftheworld,whohavepredictedthatthenext“Asiancentury”.ThemostvitaldemocracyIhaveseenhavebeenTaipei,andthemostcoherentemightbeused(forbetterorworsemanatefromChina.ManyrightincreasinglygravitatetowardsInthantheUnitedStates.Onallideologicalspectrum,wemayexpeAsia.
GlenWey
HeadofWeb3researchatMicrosandFounderofRadicalxChange
THEAGEOFAI
Theexponentialgrowthofgeneraabilitytocreatehuman-liketexbeenahallmarkofrecenttadvancement.Itsimplicationsfofar-reaching,withthepotentialwecommunicate,learn,andaccesThispromptscriticaldiscussiodisinformation,jobautomation,dynamicsofhuman-AIcollaborati
ThereisapositiveglobaloutlroleofAIinoursocietiesivenearlyhalfoftheG20citizensworldwhereAI'sseamlessintegdailylivesenhancesourprodoptimisticoutlookshowsthatciforwardtoafuturewhereAIisally,particularlyatwork.Inccouldpotentiallytranslateintopavingthewayforimprovedlivimoreleisuretime.Thisalignswconsensusregardingthefuturegenerallyperceivedaspromisingbusinessleaders,academics,itechnologists.
Q1.2.
WhichofthefollowingArtiicialIntelligencescenariosdoyoubelieveismostlikelytooccurby2073?
33%AItakesoverand
shapesallaspectsof
humanexistence
20%Concernssurrounding
AIethicsleadtoa
declineinAIusage
47%AIbecomesseamles
integratedintoda
helpingusatwo
chapter
Fromyourperspectiyouanticipatebeininluentialdriversthenext50years?
IntherealmoftechnologyandgoIntelligence(AI)standsasthemincontemporarydiscussions.Itsextendsacrossmultiplesectors,energy,primarilybecauseofitsbusinessmodelsintheseareas.HapproachAIwithcautionandfregulation,albeitwell-inteninadvertentlydisadvantagethoseThecruxofAIgovernanceliescircumstancesunderwhichAIcantakingintoaccountthespeciiciFurthermore,it'simperativetotechnicalspeciicityinregulatiooftechnologyoftenoutpacesregurenderingthemobsoleteiftheyaThus,abalancedapproachisesseinnovationandpublicsafety.
IkhlaqSidh
Deanof IESchoolofScience
andTechnology
chapter
Overall,80%ofsurveyparticipantsakeyroleinoursocietiesenvisioninganexpandedroleIntelligence,whereAIwouldsieveryaspectofhumanWhilexistethisperspectiveisnotinherentlyimportanttonotethatthephsurvey,suggestingthatAImigcertainworrisomeimplications
Only20%ofparticipantsbelievedecreaseiniftyThereyears’istherefime.widespreadbeliefinthegrowiandinluenceofAIworldwide
ThecountrieswhererespondenexpectationsregardingthepotkeyroleinoursocietiesbyIndonesia(89%),andSouthAfrskepticalcountriesinoursurv(72%),theUK(73%),andAustraadividebetween,ontheonehand,ontheotherhand,theAwhereconcernsaboutAIethicspronounced.Infact,theseconenoughinthelatterregionstportionofthepopulationtobewilldiminish.
chapter
Fromyourperspectiyouanticipatebeininluentialdriversthenext50years?
Digitaltransformation,inpartimostinluentialdriversofchangimpactamongdisciplinessuchasandlaw.Governments,companies,embracingtechnology,shouldgotheconcernforamoreequalsocibeneitfromthedigitaltransrespectingethicalandlegalissprivacy,dataprotection,freeconsumersrights?Andhowcansdigitalimmersiontobuildamorpromotetheruleoflawgloballyaccesstojusticeworldwide?ThemostrelevantquestionsweaskregulationofAIiskeytoguaranwillallowgovernment,business,gaineficiencyandtogrowandcreateaframeworktolimittheprofessionalswillplayakeyrimplementingtheappropriateregallowcountriesandcompaniestechnologyandAIandatthesametrustedenvironmentforinnovatio
SoledadAtienzaBecerriDeanofIELawSchool
THEFUTUREOFHEALTHCARE
Theevolvinglandscapeofbiotthepromiseofreshapingnotonalsotheveryfabricofouradvancementsinbiotechnologyexpectations,withtheprospectgenetictreatmentsandinnovasolutionsonthehorizon.Atconcernsaboutthepotentialrconsiderationsthatthisjournefrontiermaybring,areemerging
48%ofcitizensarehopefulan
2073wewillhaveadvancedhealpersonalizedgenetictreatmentsthinkthat,bythen,amajorcacausedwidespreaddistrustinrespondentsaremoreoptimistipotentialofpersonalizedgenetenhancehealthcare:53%ofovdeemthisscenariolikely,compto24-year-olds.Perhaps,toaownpersonalhealthsituationltobelieveinthepotentialhealthcare.
chapter
Q1.3.
WhichoftheBiotechnologyfollowingscenariosdoyoubelieveismostooccurby2073?
Strict22%regulationsAmajor31%catastrophe48%Advancedhealthcasafeguardfosterswidespreadthroughpersonalizagainstdistrustinbiotechgenetictreatment
Therelativelyoptimisticviewinfact,supportedbyanumberForexample,theJournalofTrpublishedin2020anarticle[2“theimplementationofpersonaresultinmoreeficientandeaccesstomodernhealthcaremetcontrolbyindividualsoftheiraseconomicdevelopmentintheh
Vicente,A.M.,Ballensiefen,W.&J?nsson,transformhealthcareby2030:theICPerMedvisi
DIGITALAFTERLIFE
Inrecentyears,theconceptofhasgainedattentionasatopiconlineandinpopularculture.aroundthepersistenceofone'consciousnessontheinternetafdemise.Asourlivesbecomeintertwinedwiththedigitalrewhathappenstoouronlinepersafterwe'regonehasbecomearestudy.Infact,inaresearcharNatureHumanBehavior,ethicisOxfordInternetInstituteargutreatingpeople’sdigital“remaiphysicalhumanremains
31%ofcitizensofG20countriesadigitalafterlifepresence.novelty,radicalnature,andunconcept,aswellasthechacomprehendingitsimplications,nearlyone-thirdofrespondentsspeaksvolumesaboutitspotenreadinessofasigniicantporpopulationtoembracethisjourn
?hman,C.,Floridi,L.Anethicalframeworkindustry.NatHumBehav2,318–320(2018).
chapter
Q1.4.
Ifyouwereafterofferedyourthatdeathyourpresenceorconsciousnessonthe,internetwouldyouaccept?
31%41% 17%
YES,Iwouldliketo
haveadigital
afterlifepresence.
69%NO,Iprefernotto
haveadigital
presenceafter
death.
Thedesireforadigitalaftpronouncedintwocountries,Chthemajorityofrespondentsexwithiguresreaching64%and62countrieswherethisprospectiGermany(only13%wouldaccepttheUnitedKingdom(16%),andpointstoasubstantialdivideAsiaandthewesternworld.Inpredictably,youngerrespondenthavetheirpresenceorconsciouaftertheirdeath.41%ofthoseit,comparedwithonly17%oft
chapter
OnTechnologicalChallenges
Ibelievethatthefourchallengesthatdeeperchallenge,whichisthefactthdecidehowthefutureisgoingtobean
Asclimatecrisisprogressesandsomersomepeople(noteveryone)willhaveawillhelpthemtoadaptbettertotheThatwilleventuallytriggermoresociaresponsewillbeanescalationinreprebe.Sofar,criseshavebeenoverwhelmiandlibertiesand,inmorethanafprogressionhasbeenpresentedasafrmanypeoplehavegoneforsecurity
AshisNandysaidlongagothattheonlighting,istheighttokeepthefuturethepriorityistoexpandthefutureawfromwhichtodealwiththerest
Finally,I’mnottotallyconvincedthmoralproblemsusingcurrentethicalpa
OnArtiicialIntelligenc
IthinkthatAIwillbeintegratedinlifelongbefore2073.Ifweanalyzechangedourlivesin30years,wemustforAI,evenmoreso,giventhehypeawehaveofit.
chapter
Oneofthemaintraitsofpostnormalusdonothaveaclueaboutwhatishsenses,isakindof‘greatwhitehopday.Itsdeploymentwillbeproblematfrequently,butifthelearningcapactoimproveitsperformanceenoughto
Thisdoesnotprecludethatitcouldcontrol.ButIstillbelievethatmanAIisatthewheel
OntheFutureofHealthcar
IbelievethattheirstandtheseconItispossiblethatsomekindofdispossiblethatsuchanoccurrencemabiotechnology.Inmanysenses,thisCovid.Rightnow,agreateffortisbtreatment,andithasahugepotentiaNotonlythat,butthesekindoftrwindowofopportunityforprevention.newregulationsmayalsoemerge.Butreallystopand,evenifitdoesinmeanthattheresearchwillmovetoo
OnDigitalAfterlif
Therehasbeenresearchonhowtoprsometimealready,or,asinthiscastosomesortofdigitalenvironment.isjustanotherconcernforrichpeostruggletomakeendsmeet,thisseemit?Inotherregards,italsomakesm2.0’development.Insteadofgoingtotailoreddigitalspace.This,ofcourtakescareofthedigitalpersonas,uwhatprice?Attheendoftheday,icolonisation.
JordiSerradelPinDeputyDirectoratthePostnormalPolicy&Fu
Chapter2
EconomyandPro
Trendsfor
theNex
Years
chapter
Inthenext50years,theG20undergoaprofoundtransformatitechnologywillplayapivotalexploresvariousdimensionsoffuture,encompassingwealthinancialprospects,andtheevwork.Itoffersaglimpseintgeopoliticalshiftsthatliepictureofthetechnology-drilandscapethatawaitsfuturege
AsubstantialpercentageofG20amoreprosperousfuturefortheircountry,yetanoticeableemerges,withthelattershooptimism.AmidstincreasingdisdistributionacrossmanyG20coprevailingconsensusamongciteconomywillbecomeevenmorethenextivedecades.Tonauncertainties,citizensarecoresiliencestrategies,suchasandincreasedtechnologicallit
chapter
FINANCIALFUTURES
Theinancialaspirationsandscenariosofcitizenscanproeconomictrajectoryofanatioguidebehaviorssuchasinvesconsumption.Weobserveareloutlook,especiallyamongBRICG20nations
Alargerproportionofcitizenthattheyandtheirdescendantnext50years,surpassingthenwhoanticipateadeclineinthNotably,Indonesiansarethemtheirinancialfuture,with75view.Incontrast,nearlyhalfItalians(46%),alongwith41%anticipateadeclineintheiri
Q1.2.
Howdoyouinancialthinkthe
situatwillonchangeforyouandyourdescendantsby2073?
BRAZIL63%16%
21%
RUSSIA
57%
20%
ITALY
28%
34%
15%
46%
TIYEKRü38%27%
25%
KAERO
30%
SHTUO41%29%
INDONESIA75%20%
5%
Theseiguresaresomewhatlink
Richer
economicsituationoftheirco
moderate
positivecorrelation
inancialoptimismandthepro
Remainssimilar
growthoftheirnations.Wecom
Poorer
ofcitizenswhobelievetheyor
bewealthierinthenext50yea
Monetary
Fund's(IMF)projected
for2023.TheSpearman'sRankC
wasfoundtobeapproximately0
However,theperceptionofone'futureandthatoftheircountrysigniicantly,asseeninthecon
Chinesecitizensareoptimisticeconomictrajectory,with82%bebewealthierby2073.However,wpersonalinancialoutlook,fewerimprovement.ThissuggestsconidmacroeconomicpoliciesandgrowreservationsaboutindividualprSouthAfrica,there'sastrongefamilialeconomicadvancementthoveralleconomicfuture.
Inthisanalysis,Spearman'srankcorrelatusingtheformula
ρ=1-6Σd2/[n(n2-1)],wheredrepresentsvalues,andnisthenumberofcountries(20inapproximately0.5667,indicatingamoderatecooptimismandIMF's2023projectedgrowthrates.convertedintoat-valueusingtheformula:t=offreedom,thecalculatedt-value(2.404)e(approximately2.101),conirmingastatisticallypublicsentimentandeconomicprojectionsforthe[DG1]Inthe29footnote,makesurethatformulas
Differencebetweencitizensthe%ofthattheywillbericherandtthinktheirthatcountrywillberich
Moretrust
32%
inpersonal
18%
14%
VScountry
12%
10%13%
10%
8%
situation2%
BRAZIL
2%
china
5%7%
india
indonesia
italy
3%4%
Russia
Saudiarabia
southafrica
7%
turkey
5%
unitedstates
Argentina
Australia
CAnadá
FRANCE
germany
japan
KOREA
mexico
spain
UK
Moretrust
-3%
-10%
-6%
incountry
-15%
VSpersonal
situation
Inthisgraph, a positiveig
percentageofindividualswho
descendantswillbericher,co
individualswhothinkthatthe
Anegativepercentage,onthe
higherpercentageofindividua
countrywillberichercompar
individualswhothinkthatthwillbericher.
chapter
RespondentshailingfromcountriessChina,orSaudiArabiaexhibitarobuitcomestothefuture.Thisoptimismtheremarkableeconomicgrowthandsthesecountriesarecurrentlyunderghopefulabouttheirpersonalprospecaboutth
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