Firms and governments must increasingly internalize the possibility of an acceleration of four secular developments that influence what business and political leaders do and how they do it. These trends are waves, which if they occur simultaneously may feel like a tsunami for those failing to swiftly adapt their thinking and practices. Climate change is one such threat, and privacy concerns have grown alongside artificial intelligence and Big Data. The third secular force involves disruptions to the multi-decade process of economic and financial globalization, in which the outbreak of COVID-19 has disrupted the flow of goods and services.
Mohamed A. El-Erian | Jun 29, 2021