McKinsey has projected the effect of regular aging based on current demographic trends for the countries of the world out to 2065.
The potential for diminished growth varies considerably among countries. In the developed world, Canada and Germany (-52%) are poised for the biggest drops in GDP growth rates. Saudi Arabia, Mexico, Russia, and Brazil (-60to -75%)are most at risk in developing countries.
United States -34%
Since 2007, Europe underperformed Japan’s “lost” 1990s decade. The aging drag increases the chance of lost low performance decades
Among the countries we studied, fully 75 percent of the needed productivity increases through 2025 could occur if lagging companies and public-sector institutions caught up to the productivity of their best-performing peers. Emerging markets have the biggest opportunities to do so. These opportunities are known and currently available, and they represent a critical link in the virtuous cycle of emerging-market development: rising labor productivity goes hand in hand with growth in disposable income, consumption, and GDP.
To close the gap, companies must seize the opportunity to accelerate productivity growth and the value-creation potential it holds, while governments will need to support them by assessing regulatory barriers to competition in product and labor markets. While these actions tend to grab less attention than, say, the pursuit of boundary-pushing possibilities (such as artificial intelligence and the Internet of Things), boosting productivity by rethinking regulatory barriers holds enormous potential for the global economy.
Wang is a prolific business-oriented writer of emerging and disruptive technologies. He is known for insightful articles that combine business and technical analysis that catches the attention of the general public and is also useful for those in the industries. He is the sole author and writer of nextbigfuture.com
, the top online science blog. He is also involved in angel investing and raising funds for breakthrough technology startup companies.
He gave the recent keynote presentation at Monte Jade event with a talk entitled the Future for You. He gave an annual update on molecular nanotechnology at Singularity University on nanotechnology, gave a TEDX talk on energy, and advises USC ASTE 527 (advanced space projects program). He has been interviewed for radio, professional organizations. podcasts and corporate events. He was recently interviewed by the radio program Steel on Steel on satellites and high altitude balloons that will track all movement in many parts of the USA.
He fundraises for various high impact technology companies and has worked in computer technology, insurance, healthcare and with corporate finance.
He has substantial familiarity with a broad range of breakthrough technologies like age reversal and antiaging, quantum computers, artificial intelligence, ocean tech, agtech, nuclear fission, advanced nuclear fission, space propulsion, satellites, imaging, molecular nanotechnology, biotechnology, medicine, blockchain, crypto and many other areas.