Which way is the world turning?

Thought-provoking article by Mohamed El-Erian, chief economic adviser at Allianz whom served as chair of President Barack Obama’s Global Development Council and is a former deputy director at the IMF.

He posits that there are currently four primary secular developments that are overwhelmingly likely to influence the decision-making of the World's political and business leaders: Climate Change, Privacy, Unilateralism and Demographic Changes.

The challenge (and reward) lies in learning how to read and surf these waves.

The world is in a period of accelerating change, the leading edge of which is the ever-growing list of developments that have gone from impossible to inevitable. Many (though by no means all) of the challenges facing business and political leaders may be broken down into four secular changes that can help anchor the timely formulation of required responses at the local, national, regional and global levels. The faster that companies and governments recognise this, the likelier they will be to alter the balance of benefits, costs and risks in their favour. www.theguardian.com/...