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World Economy in 2050

Delivering Tomorrow: Logistics 2050

Date of Editorial Board meeting: 
Publication date: 
Wednesday, February 1, 2012
Abstract in English: 
This study starts with two essays laying the groundwork for the very idea of futures studies and future scenario forecasting. The first, by renowned futurist from the University of Hawaii, Professor James Allen Dator, introduces the discipline. In the second, respected futurist and business strategist Peter Schwartz describes the scenario planning context, process and application for business and policymakers.

This study aims to foster a dialogue about the future of logistics by describing a number of different scenarios, or pictures of the world, in 2050.
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Number of pages: 
184
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The World in 2050 Will the shift in global economic power continue?

Date of Editorial Board meeting: 
Publication date: 
Sunday, February 1, 2015
Abstract in English: 
Welcome to the World in 2050 report, which sets out long-term global GDP growth projections. The analysis covers 32 of the largest economies in the world, accounting for around 84% of total global GDP.
This study updates PwC’s earlier analysis of global economic power shifts and forms part of its wider megatrends research programme.
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46
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The World Economy in 2050: a Tentative Picture

Date of Editorial Board meeting: 
Publication date: 
Wednesday, December 1, 2010
Abstract in English: 
CEPII presents growth scenarios for 128 countries to 2050, based on a three-factor production function that includes capital, labour and energy. CEPII improves on the literature by accounting for the energy constraint through dynamic modelling of energy productivity, and departing from the assumptions of either a closed economy or full capital mobility by applying a Feldstein-Horioka-type relationship between savings and investment rates.
Results suggest that, accounting for relative price variations, China could account for 28% of the world economy in 2050, which would be much more than the United States (14%), India (12%), the European Union (11%) and Japan (3%). They suggest also that China would overtake the United States around 2025 (2035 at constant relative prices). However, in terms of standards of living, measured through GDP per capita in purchasing power parity, only China would be close to achieving convergence to the US level, and only at the end of the simulation period.
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