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2022 will be the year of adjusting to new realities according to The Economist’s The World Ahead 2022
The World Ahead 2022 is a new publication by The Economist. It focuses on the key themes, trends, and events shaping the next year. The issue’s top ten themes for next year and their accompanying articles are Today, go onlineThe full edition is available at. You can access the full edition on economist.com and on newsstands beginning November 18th.
Reflecting on this year’s World Ahead, editor Tom Standage, wrote, “If 2021 was the year the world turned the tide against the pandemic, 2022 will be dominated by the need to adjust to new realities, both in areas reshaped by the pandemic and as deeper trends reassert themselves.”
The World Ahead is now entering its 36th year. To better reflect the series’ role as a guide, The World In was changed to The World In. This year’s edition includes a special section on emerging technologies that could have an unexpectedly sudden impact on society, as mRNA coronavirus vaccines did in 2021.
The World Ahead is full of predictions. Here are the top ten main themes in 2022.
Democracy v autocracy America’s mid-term elections and China’s Communist Party congress will vividly contrast their rival political systems. What is more effective in delivering growth, stability and innovation? The rivalry between the two will be evident in every aspect of life, from space station vaccinations and trade regulation to technology regulation to vaccines. While President Joe Biden is trying to bring the free world together under the flags of democracy, the dysfunctional country he has created is not a good advertisement for its virtues.
Definitive guideline for endemic or pandemic diseasesWe are seeing new antiviral drugs, enhanced antibody treatments, and even more vaccines. The virus is no longer life-threatening for people who are vaccinated in the advanced world. The virus will remain a threat to the developing world. If vaccinations are not increased, covid-19 may become one of many endemic diseases that only affect the poor.
Inflation worriesPrice increases have resulted from supply chain disruptions and an increase in energy demand. Central bankers say it’s temporary, but not everyone believes them. Britain’s post-Brexit labor shortages and dependence on costly monetary resources are the main causes of its vulnerability to stagflation.
Future of Work There is a broad consensus that the future is “hybrid”, and that more people will spend more days working from home. There is room for debate on details. Which days are the most important? It will be fair, however. Research shows that women want to leave the workplace more often than men, and so may be at risk of being overlooked for promotion. Tax rules and remote worker monitoring are also topics of debate.
Techlash: The New TechnologyThe US and Europe have tried for many years to control the technology giants, but they have not seen any change in growth or profits. China is now leading the charge, shaming its tech companies in an aggressive crackdown. President Xi Jinping wants them to focus on “deep tech” that provides geostrategic advantage, not frivolities like games and shopping. But will this boost Chinese innovation, or stifle the industry’s dynamism?
Crypto currency is growingCryptocurrencies are becoming more mainstream as regulatory authorities tighten their rules, just like all disruptive technologies. Central banks may also be looking at launching their own centralised digital currencies. The result is a three-way fight for the future of finance—between the crypto-blockchain-DeFi crowd, more traditional technology firms and central banks—that will intensify in 2022.
Climate crisisWhile wildfires, heatwaves, and flooding are increasing in frequency, there is a noticeable lack of urgency among policymakers regarding climate change. Decarbonisation will require cooperation between the West and China, as well as their growing geopolitical rivalry. Keep an eye on a solar-engineering experiment due to be carried out by Harvard researchers in 2022, releasing dust from a high-altitude balloon to dim sunlight—a technique that may, at this rate, be needed to buy the world more time to decarbonise
Travel trouble.The reopening of economies is bringing more activity. But countries that pursued a zero covid “suppression” strategy, such as Australia and New Zealand, face the tricky task of managing the transition to a world in which the virus is endemic. Half of the business travel industry is now gone. This is good news for the planet but not for those tourists who are subsidized by business travelers with high spending habits.
Races for space2022 is the year that more space tourists will travel to orbit as pay-passengers than those who are employed by government agencies. China’s new space station will be completed. China will finish its new space station. Filmmakers have been competing to create zero-g movies. NASA will launch a probe from space into an asteroid in real life.
Politico footballs The Winter Olympics in Beijing and the football World Cup in Qatar will be reminders of how sport can bring the world together—but also how big sporting events often end up being political footballs. Protests are expected against both hosts countries. However, boycotts of national teams appear unlikely.
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