What a difference a century makes? Global economic recovery demands economic intellectualism to embrace futurism where tectonic shifts of power start moving from ‘knowledge-rich-nations’ to ‘population-rich-nations’ to change economic behavior across the world. How will all this unfold and what preparations are needed for positive results?
The Population-Rich-Nations, primarily Asian nations, during the last century considered themselves cursed; visibly under the burden of extreme poverty, struggling to feed hungry mouths. Today that extra population is considered a blessing; when citizens armed with mobile tools emerge as online transactional profit centers, humming and trading with billions of devices twinkling across the world, now visible as economic vibrancy. There is massive uplift of grassroots prosperity, along with up-skilling of exporters and re-skilling of manufacturers, today’s population rich nations are now raising economically with global reach. With the digital world already shrunk into their pockets, the portability of business models installed at every turn of the corners, the highly populated clusters, happily rise during the days and shine during the nights. In masses, they are learning the art of creating value, productivity, performance and profitability. Unlimited, rains of free technologies creating pools of untapped entrepreneurial powers, today, population-rich nations are rapidly gaining special smart-powers to lead this century. National mobilization of entrepreneurialism is visibly alive around the clock gaining global access.
The Knowledge-Rich-Nations: mainly developed nations from the West, highly educated and with century long standings on higher standards of living, heavily relied upon image supremacy of knowledge but today harshly tested as power of knowledge no longer a bargain chip, now gone globally generic. The Knowledge-Rich-Nations still boxed in superiority, some visibly confused, some crypto-driven, some witnessing their prosperity and civil order in sharp decline. Now comes the ideological testing; futurism demands futuristic literacy, therefore, mathematically speaking the economic modeling of the West has failed, the creative development of the economy based on fancy schemes only created the towers of debt. But the biggest loss is creating a lost generation, missing out on national mobilization of entrepreneurialism therefore unable to stand up to the global age of competitiveness. Most government economic development agencies of the Western economies loaded in debt are mostly the sing-song parades of the Kumbaya movements.
The Children of 2000: Centuries ago by the time a person acquired ‘worldly knowledge’ it was just about time to die, today an average teen-ager across the world has worldly knowledge, thanks to the Internet, the biggest invention ever and the greatest gift from the West to the world. The Children of 2000, born in the year and after, will start reaching the age of 30 by 2030, the largest and most informed generation in the world, since the land before time. Is it possible that this post-internet generation will have far more required brain-power and worldly-knowledge to understand and cope with global challenges and common good? Whereas, the present dying age of Machiavellianism that struggled so hard during the last two and half World Wars of sorts as their doctrine of seek and destroy thrived on dystopia. Today, it splits the global opinion on availability of political and economical intelligentsia now thrown in the big dumpsters on the main global strada. (Excerpted from literature and lecture series The Children of 2000, published 1995 Naseem Javed)
The power of special knowledge still rests with mostly the knowledge-rich-nations, but the remaining ocean of workably general and business knowledge is now free for the population-rich-nations to swim. Today, the quality of new global-age knowledge available in remote tribes from mostly barely clad natives in rainforests to extremely isolated millions of villages around the world where digitally connected are enough to change the regional and economic behavior of the world. The dynamic growth of Population-Rich-Nations is glittering but in an Asian style, developing nationalism, mannerism while deeply rooted in civility and common good.
Futurism calling: Knowledge-rich nations must rapidly re-learn how to compete and survive against highly agile and low-cost brilliance, creating shine within some 100 emerging population-rich nations. The monopoly of knowledge has been shattered. Now the time of National Mobilization has arrived to stand up to tidal waves of competitive skills. The Private Sectors of knowledge-rich nations critically need up-skilling to forget their past assurances and relearn the future shortcomings to advance with new and better thinking. Collaborative global economic activity is a fine art and understanding global diversity is a new science. Futurism calls knowledge-rich nations for massive up-skilling to survive and take notice of such tsunamis. When was the last time such topics debated on the national stage? (Referenced from “15 Monster Trends– by Naseem Javed” Published Dec 2014)
The survival of the fittest is the master collaborator: The time has come when the global economies desperately need immersion on the real differences between the two; the ‘physicality of work’ and the ‘mentality of performance’. Study the first industrial revolution of the mind and decide your market positioning as job searching challenges the national strategies to economical survival and compete in the global arena has brought them in dust and now Economic Exorcism becomes some possible options. Going forward, open some bold debates and global cooperation across many dozens of nations, as this is where the future prosperity is hidden. The current upside down world offers opportune time to recreate new vision and start collaborative processes based on global diversity and tolerance all on a fast track. Ignoring the rise of economic power of small medium businesses across the world is a serious mistake.
The Entrepreneurial March: Across the world mostly in Asia, some Billion new entrepreneurs are on the march. In perspective, some 100,000 entrepreneurs secured the supremacy of America for over a century. Ministries of Trade and Economic Development Bodies of the world and Immigration Control Agencies need special skills and blueprints on how to create large-scale special Visa programs to attract and allow such forces to energize their own economies. Prerequisites are finding out on why Western education and government programs failed to create new armies of entrepreneurs. Why in November 2022, thenew world of G20 and national mobilization of small medium business economies missed the biggest topic?
Why are such ideas considered a forbidden path, controlled by a trail of silence? Why not create a 10-year tax-free plan for all SME under USD$10 Million in turnover. Create and attract new armies of entrepreneurs. They become the fastest machines for new job creation. Eliminate all fees and unnecessary paperwork, make telecommunication and exportability costs subsidized, but let them grow, charge them taxes but much later… current knowledge base demonstrated by National Ministries of such departments critically missing special skills and deployment blueprints. All profiles of the staff within various Ministries and any economic development all available all across the world. Up-skilling is the number one priority. Study on Google how Expothon is tabling new options.
The Summary: Why so forbidden are such debates amongst nations, sector-by-sector or association by association, the trade groups caught in digital or mental-divides and economic development missing out on tempo. Fears of facing truth, admitting missing the boats or unable to demonstrate skills on digitization, a freeze of action support their silence. Nevertheless, there are hot spots; there are great open-minded teams. There are new leaders aggressively seeking answers and exploring new passages during economic recovery. However, the majority of economies across the world are already on the precipice, as recovery is a long path but critically in need of dramatic actions and revolutionary executions, so what are the missing links and who is ready to start some action as it is time to lay out some blueprints? National mobilization of entrepreneurialism will harness the restless citizenry, up-skilling exporters and re-skilling manufacturers will uplift the small medium business economies. Nevertheless, highly skilled and dynamic teams to lead are critically essential. The rest is easy.