The next 100 years – applying megatrends to analyze the future of the Polish economy
The next 100 years – applying megatrends to analyze the future of the Polish economy
Author(s): Anna Anetta Janowska, Radosław MalikSubject(s): National Economy, Public Finances
Published by: Wydawnictwo Uniwersytetu Rzeszowskiego
Keywords: megatrend; foresight; Polish economy; digitalization; demographics; climate change
Summary/Abstract: The objective of the article was to assess a long-term exposure of the Polish economy to megatrends– key global changes influencing economies and societies worldwide. On the basis of theresults of a structured literature review, the most cited global megatrends have been identified: digitalization,climate change, resource scarcity, population growth, population aging, urbanization growth.We operationalized these trends by selecting metrics based on existing indexes, forecasts and foresightstudies. With the application of the metrics we created megatrend exposure indicators to measurea relative susceptibility of country economies to these trends. We used this tool to assess a relativeexposure of the Polish economy to six megatrends and to create a country strategic profile. We applieda long-term perspective of up to 40 years and beyond. The outcome of the analysis shows that the exposureof the Polish economy is very high to population aging and high to digitalization. The exposureto urbanization growth and resource scarcity can be described as moderate. The exposure to climatechanges has turned out to be low and to population growth very low. The novelty of our research isthe structuring of megatrend exposure indicators and their application to foresight study for a countryeconomy which, up to our knowledge, has not been attempted thus far. Knowledge of forthcomingchanges and the degree of exposure to these megatrends can be used as input for strategic, long-term,analyses in various areas ranging from public policy to corporate investment.
Journal: Nierówności Społeczne a Wzrost Gospodarczy
- Issue Year: 2019
- Issue No: 57
- Page Range: 119-131
- Page Count: 13
- Language: English