Considered both the future of society, the future of the people, the way of the future of education in a multi-stakeholder, the activities of the order to continue to create "Future Education Consortium" is, in fiscal 2015, such as consumers and companies · NPO / NGO · Students through the co-creation projects by various participants "21 Century Future Enterprise Project", we derive the "social and companies of the future scenario of 2030".
http://miraikk.jp/cat-03/2882
Artigo na edição de Jan-Fev/2010 da FOREIGN AFFAIRS apresenta as provaveis consequencias das mudanças demográficas e sócio-econômicas radicais que estão acontecendo no mundo.
The Millennium Development Goals Report 2009endpoverty2015
This report is based on a master set of data that has been compiled by an Inter-Agency and Expert
Group on MDG Indicators led by the Department of Economic and Social Affairs of the United
Nations Secretariat, in response to the wishes of the General Assembly for periodic assessment of
progress towards the MDGs. The Group comprises representatives of the international
organizations whose activities include the preparation of one or more of the series of statistical indicators that were identified as appropriate for monitoring progress towards the MDGs, as reflected in the list below. A number of national statisticians and outside expert advisers also contributed.
IOSR Journal of Humanities and Social Science is an International Journal edited by International Organization of Scientific Research (IOSR).The Journal provides a common forum where all aspects of humanities and social sciences are presented. IOSR-JHSS publishes original papers, review papers, conceptual framework, analytical and simulation models, case studies, empirical research, technical notes etc.
Public Private Partnerships, Latin America and Colombia’s current challengesAlvaro Uribe V.
Outline:
1. The current global context
2. Latin America in a multi-polar world
3.PPP’s for a new regional era
4. Types of PPP’s
5. Latin America between two models
6. Colombia Current Challenges
"The revolutionary events of January and February 2011 opened the door for democratic transition in Egypt, but the road to a stable and sustainable democracy will be long and full of challenges. However, the macroeconomic environment post-revolution has become increasingly worrying as a result of past fiscal and monetary imbalances, revolution-induced shocks and unstable politics. This inability to address pressing economic challenges may hurt the nascent and fragile Egyptian democracy."
Authored by: Marek Dąbrowski
Published in 2011
Artigo na edição de Jan-Fev/2010 da FOREIGN AFFAIRS apresenta as provaveis consequencias das mudanças demográficas e sócio-econômicas radicais que estão acontecendo no mundo.
The Millennium Development Goals Report 2009endpoverty2015
This report is based on a master set of data that has been compiled by an Inter-Agency and Expert
Group on MDG Indicators led by the Department of Economic and Social Affairs of the United
Nations Secretariat, in response to the wishes of the General Assembly for periodic assessment of
progress towards the MDGs. The Group comprises representatives of the international
organizations whose activities include the preparation of one or more of the series of statistical indicators that were identified as appropriate for monitoring progress towards the MDGs, as reflected in the list below. A number of national statisticians and outside expert advisers also contributed.
IOSR Journal of Humanities and Social Science is an International Journal edited by International Organization of Scientific Research (IOSR).The Journal provides a common forum where all aspects of humanities and social sciences are presented. IOSR-JHSS publishes original papers, review papers, conceptual framework, analytical and simulation models, case studies, empirical research, technical notes etc.
Public Private Partnerships, Latin America and Colombia’s current challengesAlvaro Uribe V.
Outline:
1. The current global context
2. Latin America in a multi-polar world
3.PPP’s for a new regional era
4. Types of PPP’s
5. Latin America between two models
6. Colombia Current Challenges
"The revolutionary events of January and February 2011 opened the door for democratic transition in Egypt, but the road to a stable and sustainable democracy will be long and full of challenges. However, the macroeconomic environment post-revolution has become increasingly worrying as a result of past fiscal and monetary imbalances, revolution-induced shocks and unstable politics. This inability to address pressing economic challenges may hurt the nascent and fragile Egyptian democracy."
Authored by: Marek Dąbrowski
Published in 2011
Globalization and Nigeria’s quest for self-Reliance and Political sovereignty...inventionjournals
International Journal of Humanities and Social Science Invention (IJHSSI) is an international journal intended for professionals and researchers in all fields of Humanities and Social Science. IJHSSI publishes research articles and reviews within the whole field Humanities and Social Science, new teaching methods, assessment, validation and the impact of new technologies and it will continue to provide information on the latest trends and developments in this ever-expanding subject. The publications of papers are selected through double peer reviewed to ensure originality, relevance, and readability. The articles published in our journal can be accessed online.
CAMBRIDGE AS GEOGRAPHY - POPULATION SUSTAINABILITY. Concept, census, relevance, ageing population, urban population, concentration, New Zealand Internal Migration trends, multicultural population, sustained economic growth, sustainability on a global scale.
Lekcijā tiek analizētas norises pasaules tautsaimniecībā un starptautiskajā tirdzniecībā, tiek sniegtas attīstības prognozes un minēti galvenie izaicinājumi un riski. Prezentācija sniedz visaptverošu priekšstatu par svarīgākajām ekonomikas un politikas norisēm trīs galvenajos pasaules ekonomiskajos centros – Eiropā, ASV un Ķīnā, kā arī ieteikumus, ko darīt Latvijas politikas veidotājiem.
ARAB SPRING AND THE THEORY OF RELATIVE DEPRIVATIONGaliat Times
The paper provides an account of Arab Spring origin, ideology and demands of civil society. The political turmoil
in the Arab world challenged the political status quo of Middle East and North Africa. Arab Spring is the
fundamental event in the Arab world history. It also describes the role of well educated youth and power of social
media in Arab Spring. It further explains the demonstrations at Tunisia, Egypt, Yemen, Libya and Syria in details.
Specifically, the paper spotlights on the relative deprivation theory of Ted Robert Gurr to illustrate why Arab
Spring emerged. Relative deprivation theory has been used to clarify how socio-economic shortages
(unemployment, education and poverty) and political inefficiencies lead to collective turmoil. The answer
provides a clue to resolve the current problem.
Most people are worried about the Recession but there is a bigger threat! Former U.S. Surgeon General Richard Carmona said, “The Greatest Threat To Our National Security Is Pediatric Obesity.” Today there are over 22 Million obese children in the U.S. alone and this is the FIRST GENERATION WHERE PARENTS MAY OUTLIVE THEIR CHILDREN…
Heard About It On Slideshare.Net
Globalization and Nigeria’s quest for self-Reliance and Political sovereignty...inventionjournals
International Journal of Humanities and Social Science Invention (IJHSSI) is an international journal intended for professionals and researchers in all fields of Humanities and Social Science. IJHSSI publishes research articles and reviews within the whole field Humanities and Social Science, new teaching methods, assessment, validation and the impact of new technologies and it will continue to provide information on the latest trends and developments in this ever-expanding subject. The publications of papers are selected through double peer reviewed to ensure originality, relevance, and readability. The articles published in our journal can be accessed online.
CAMBRIDGE AS GEOGRAPHY - POPULATION SUSTAINABILITY. Concept, census, relevance, ageing population, urban population, concentration, New Zealand Internal Migration trends, multicultural population, sustained economic growth, sustainability on a global scale.
Lekcijā tiek analizētas norises pasaules tautsaimniecībā un starptautiskajā tirdzniecībā, tiek sniegtas attīstības prognozes un minēti galvenie izaicinājumi un riski. Prezentācija sniedz visaptverošu priekšstatu par svarīgākajām ekonomikas un politikas norisēm trīs galvenajos pasaules ekonomiskajos centros – Eiropā, ASV un Ķīnā, kā arī ieteikumus, ko darīt Latvijas politikas veidotājiem.
ARAB SPRING AND THE THEORY OF RELATIVE DEPRIVATIONGaliat Times
The paper provides an account of Arab Spring origin, ideology and demands of civil society. The political turmoil
in the Arab world challenged the political status quo of Middle East and North Africa. Arab Spring is the
fundamental event in the Arab world history. It also describes the role of well educated youth and power of social
media in Arab Spring. It further explains the demonstrations at Tunisia, Egypt, Yemen, Libya and Syria in details.
Specifically, the paper spotlights on the relative deprivation theory of Ted Robert Gurr to illustrate why Arab
Spring emerged. Relative deprivation theory has been used to clarify how socio-economic shortages
(unemployment, education and poverty) and political inefficiencies lead to collective turmoil. The answer
provides a clue to resolve the current problem.
Most people are worried about the Recession but there is a bigger threat! Former U.S. Surgeon General Richard Carmona said, “The Greatest Threat To Our National Security Is Pediatric Obesity.” Today there are over 22 Million obese children in the U.S. alone and this is the FIRST GENERATION WHERE PARENTS MAY OUTLIVE THEIR CHILDREN…
Heard About It On Slideshare.Net
www.digitalistmag.com – People, businesses, and societies are interacting in ways previously unimagined, reinventing business models and forever altering how the world economy operates. To adapt, thrive and innovate in this new Digital Economy, it is imperative that organizations understand the opportunities and threats that will impact the future of business.
This presentation is a compilation of 99 facts, quotes and predictions on the major innovations and transformations that are defining the Digital Economy, future of work, new customer experience expectations, and need for resource optimization. Each fact represents a key insight, and suggests an opportunity to focus and change to become a more viable, sustainable and growing future business.
Changing demographics and economic growth bloomDESMOND YUEN
Demography is destiny” is an oft-cited phrase that suggests the size, growth, and structure of a nation’s population deter mines its long-term social, economic, andpolitical fabric. The phrase highlights the role of
demographics in shaping many complex challenges
and opportunities societies face, including several
pertinent to economic growth and development.
Nevertheless, it is an overstatement to say that
demography determines all, as it downplays the
fact that both demographic trajectories and their
development implications are responsive to economic
incentives; to policy and institutional reforms; and to
changes in technology, cultural norms, and behavior.
The world is undergoing a major demographic
upheaval with three key components: population
growth, changes in fertility and mortality, and
associated changes in population age structure.
Population 2020 - Demographics can be a potent driver of the pace and process...DESMOND YUEN
“Demography is destiny” is an oft-cited phrase that suggests the size, growth, and structure of a nation’s population determines its long-term social, economic, and political fabric. The phrase highlights the role of demographics in shaping many complex challenges and opportunities societies face, including several pertinent to economic growth and development.
Nevertheless, it is an overstatement to say that demography determines all, as it downplays the fact that both demographic trajectories and their development implications are responsive to economic incentives; to policy and institutional reforms; and to changes in technology, cultural norms, and behavior.
The world is undergoing a major demographic upheaval with three key components: population growth, changes in fertility and mortality, and associated changes in population age structure.
Based on Erik Reinert, How Rich Countries Got Rich ... and Why Poor Countries Stay Poor (2007), London: Constable, Chapter 8: “Get the economic activities right”, or, the Lost Art of Creating Middle-Income Countries. Further discussion on how to make upper-middle income county out of middle-income trap. And how to synchronize different aspect on developmental policy in modern era.
Today, our world is undergoing a heavily dramatic transition due to the confluence of four fundamental disruptive forces: the shifting of the locus economic activity and dynamism to emerging markets like China, the acceleration in the scope, scale, and economic impact of technology, the older human population and decline in fertility, and the degree in which the world is much more connected through trade and movements in capital, people, and information.
Although we all know these disruptions are happening, most of us fail to comprehend their full magnitude and the second and third-order efeects that will result. The world's economy's operating system is being rewritten. In this exclusive excerpt from the new book No Ordinary Disruption, its authors explain the trends reshaping the world and why leaders must adjust to a new reality.
A R T I C L E STHE AGING OF THE WORLD’S POPULATION AND ITS.docxransayo
A R T I C L E S
THE AGING OF THE WORLD’S POPULATION AND ITS
EFFECTS ON GLOBAL BUSINESS
MASUD CHAND
Wichita State University
ROSALIE L. TUNG
Simon Fraser University
The rapid aging of the world’s population will bring unprecedented and important
changes in the global economic environment, creating unique challenges and oppor-
tunities for businesses worldwide. These challenges and opportunities span multiple
business areas, including strategy, human resources, cross-cultural management, and
marketing, while operating simultaneously at the functional, corporate, and public
policy levels nationally and internationally. In this paper, we first present an overview
of the aging situation globally and the challenges that result from it. Then we explain
some of the reasons behind demographic shifts in different countries, and how a
graying population affects macroeconomic systems. Finally, we analyze the implica-
tions for businesses, in terms of both opportunities and challenges, and provide
insights on how businesses can cope with these changes. We explain our findings
through several themes that emerge from our research and discuss their implications
for global businesses.
Declining birthrates and rising life expectancies
in many countries are causing a seismic demo-
graphic transformation, and this transformation—
the rapid aging of the world’s population—is bring-
ing about unparalleled changes in the global
business environment in terms of business oppor-
tunities, workforce productivity, cross-cultural
management, marketing, macroeconomic public
policies, and corporate strategy. According to the
United Nations World Population Aging Report
(UN Population Division, 2005), this process is tak-
ing place in all but 18 countries (mostly in sub-
Saharan Africa). For most of human history, the
elderly (those over 65) have never exceeded 3% or
4% of a country’s population. In today’s developed
world, they comprise roughly 15% of the popula-
tion. By 2050, this could reach 25% on average
(Center for Strategic and International Studies,
2011). The aging of the population in most coun-
tries of the world is leading to important changes in
the global economic environment— changes that
create unique and unprecedented challenges and
opportunities for businesses.
Aging occurs when the median age of a country
or region rises due to prolonged life expectancy
and/or declining birthrates. While aging is a world-
wide phenomenon, its effects have been dramati-
cally evident in developed countries so far: The
overall median age in developed countries (corre-
sponding figures for the world as a whole appear in
parentheses) rose from 29.0 (23.9) in 1950 to 39.6
(28.1) in 2009, and is forecasted to rise to 45.5
(37.8) by 2050. In addition, the pace of aging is
projected to accelerate in developing countries: By
2050, the worldwide population of people over 60
will reach two billion, three-quarters of whom
will be from developing countries (Australian In-
stitu.
Taurus Zodiac Sign_ Personality Traits and Sign Dates.pptxmy Pandit
Explore the world of the Taurus zodiac sign. Learn about their stability, determination, and appreciation for beauty. Discover how Taureans' grounded nature and hardworking mindset define their unique personality.
Memorandum Of Association Constitution of Company.pptseri bangash
www.seribangash.com
A Memorandum of Association (MOA) is a legal document that outlines the fundamental principles and objectives upon which a company operates. It serves as the company's charter or constitution and defines the scope of its activities. Here's a detailed note on the MOA:
Contents of Memorandum of Association:
Name Clause: This clause states the name of the company, which should end with words like "Limited" or "Ltd." for a public limited company and "Private Limited" or "Pvt. Ltd." for a private limited company.
https://seribangash.com/article-of-association-is-legal-doc-of-company/
Registered Office Clause: It specifies the location where the company's registered office is situated. This office is where all official communications and notices are sent.
Objective Clause: This clause delineates the main objectives for which the company is formed. It's important to define these objectives clearly, as the company cannot undertake activities beyond those mentioned in this clause.
www.seribangash.com
Liability Clause: It outlines the extent of liability of the company's members. In the case of companies limited by shares, the liability of members is limited to the amount unpaid on their shares. For companies limited by guarantee, members' liability is limited to the amount they undertake to contribute if the company is wound up.
https://seribangash.com/promotors-is-person-conceived-formation-company/
Capital Clause: This clause specifies the authorized capital of the company, i.e., the maximum amount of share capital the company is authorized to issue. It also mentions the division of this capital into shares and their respective nominal value.
Association Clause: It simply states that the subscribers wish to form a company and agree to become members of it, in accordance with the terms of the MOA.
Importance of Memorandum of Association:
Legal Requirement: The MOA is a legal requirement for the formation of a company. It must be filed with the Registrar of Companies during the incorporation process.
Constitutional Document: It serves as the company's constitutional document, defining its scope, powers, and limitations.
Protection of Members: It protects the interests of the company's members by clearly defining the objectives and limiting their liability.
External Communication: It provides clarity to external parties, such as investors, creditors, and regulatory authorities, regarding the company's objectives and powers.
https://seribangash.com/difference-public-and-private-company-law/
Binding Authority: The company and its members are bound by the provisions of the MOA. Any action taken beyond its scope may be considered ultra vires (beyond the powers) of the company and therefore void.
Amendment of MOA:
While the MOA lays down the company's fundamental principles, it is not entirely immutable. It can be amended, but only under specific circumstances and in compliance with legal procedures. Amendments typically require shareholder
Explore our most comprehensive guide on lookback analysis at SafePaaS, covering access governance and how it can transform modern ERP audits. Browse now!
Cracking the Workplace Discipline Code Main.pptxWorkforce Group
Cultivating and maintaining discipline within teams is a critical differentiator for successful organisations.
Forward-thinking leaders and business managers understand the impact that discipline has on organisational success. A disciplined workforce operates with clarity, focus, and a shared understanding of expectations, ultimately driving better results, optimising productivity, and facilitating seamless collaboration.
Although discipline is not a one-size-fits-all approach, it can help create a work environment that encourages personal growth and accountability rather than solely relying on punitive measures.
In this deck, you will learn the significance of workplace discipline for organisational success. You’ll also learn
• Four (4) workplace discipline methods you should consider
• The best and most practical approach to implementing workplace discipline.
• Three (3) key tips to maintain a disciplined workplace.
RMD24 | Debunking the non-endemic revenue myth Marvin Vacquier Droop | First ...BBPMedia1
Marvin neemt je in deze presentatie mee in de voordelen van non-endemic advertising op retail media netwerken. Hij brengt ook de uitdagingen in beeld die de markt op dit moment heeft op het gebied van retail media voor niet-leveranciers.
Retail media wordt gezien als het nieuwe advertising-medium en ook mediabureaus richten massaal retail media-afdelingen op. Merken die niet in de betreffende winkel liggen staan ook nog niet in de rij om op de retail media netwerken te adverteren. Marvin belicht de uitdagingen die er zijn om echt aansluiting te vinden op die markt van non-endemic advertising.
Business Valuation Principles for EntrepreneursBen Wann
This insightful presentation is designed to equip entrepreneurs with the essential knowledge and tools needed to accurately value their businesses. Understanding business valuation is crucial for making informed decisions, whether you're seeking investment, planning to sell, or simply want to gauge your company's worth.
What are the main advantages of using HR recruiter services.pdfHumanResourceDimensi1
HR recruiter services offer top talents to companies according to their specific needs. They handle all recruitment tasks from job posting to onboarding and help companies concentrate on their business growth. With their expertise and years of experience, they streamline the hiring process and save time and resources for the company.
"𝑩𝑬𝑮𝑼𝑵 𝑾𝑰𝑻𝑯 𝑻𝑱 𝑰𝑺 𝑯𝑨𝑳𝑭 𝑫𝑶𝑵𝑬"
𝐓𝐉 𝐂𝐨𝐦𝐬 (𝐓𝐉 𝐂𝐨𝐦𝐦𝐮𝐧𝐢𝐜𝐚𝐭𝐢𝐨𝐧𝐬) is a professional event agency that includes experts in the event-organizing market in Vietnam, Korea, and ASEAN countries. We provide unlimited types of events from Music concerts, Fan meetings, and Culture festivals to Corporate events, Internal company events, Golf tournaments, MICE events, and Exhibitions.
𝐓𝐉 𝐂𝐨𝐦𝐬 provides unlimited package services including such as Event organizing, Event planning, Event production, Manpower, PR marketing, Design 2D/3D, VIP protocols, Interpreter agency, etc.
Sports events - Golf competitions/billiards competitions/company sports events: dynamic and challenging
⭐ 𝐅𝐞𝐚𝐭𝐮𝐫𝐞𝐝 𝐩𝐫𝐨𝐣𝐞𝐜𝐭𝐬:
➢ 2024 BAEKHYUN [Lonsdaleite] IN HO CHI MINH
➢ SUPER JUNIOR-L.S.S. THE SHOW : Th3ee Guys in HO CHI MINH
➢FreenBecky 1st Fan Meeting in Vietnam
➢CHILDREN ART EXHIBITION 2024: BEYOND BARRIERS
➢ WOW K-Music Festival 2023
➢ Winner [CROSS] Tour in HCM
➢ Super Show 9 in HCM with Super Junior
➢ HCMC - Gyeongsangbuk-do Culture and Tourism Festival
➢ Korean Vietnam Partnership - Fair with LG
➢ Korean President visits Samsung Electronics R&D Center
➢ Vietnam Food Expo with Lotte Wellfood
"𝐄𝐯𝐞𝐫𝐲 𝐞𝐯𝐞𝐧𝐭 𝐢𝐬 𝐚 𝐬𝐭𝐨𝐫𝐲, 𝐚 𝐬𝐩𝐞𝐜𝐢𝐚𝐥 𝐣𝐨𝐮𝐫𝐧𝐞𝐲. 𝐖𝐞 𝐚𝐥𝐰𝐚𝐲𝐬 𝐛𝐞𝐥𝐢𝐞𝐯𝐞 𝐭𝐡𝐚𝐭 𝐬𝐡𝐨𝐫𝐭𝐥𝐲 𝐲𝐨𝐮 𝐰𝐢𝐥𝐥 𝐛𝐞 𝐚 𝐩𝐚𝐫𝐭 𝐨𝐟 𝐨𝐮𝐫 𝐬𝐭𝐨𝐫𝐢𝐞𝐬."
3.0 Project 2_ Developing My Brand Identity Kit.pptxtanyjahb
A personal brand exploration presentation summarizes an individual's unique qualities and goals, covering strengths, values, passions, and target audience. It helps individuals understand what makes them stand out, their desired image, and how they aim to achieve it.
RMD24 | Retail media: hoe zet je dit in als je geen AH of Unilever bent? Heid...BBPMedia1
Grote partijen zijn al een tijdje onderweg met retail media. Ondertussen worden in dit domein ook de kansen zichtbaar voor andere spelers in de markt. Maar met die kansen ontstaan ook vragen: Zelf retail media worden of erop adverteren? In welke fase van de funnel past het en hoe integreer je het in een mediaplan? Wat is nu precies het verschil met marketplaces en Programmatic ads? In dit half uur beslechten we de dilemma's en krijg je antwoorden op wanneer het voor jou tijd is om de volgende stap te zetten.
6. 6
■Demographics
• Japan's low birthrate and aging population
• Global population growth
• Expansion of the middle class worldwide(especially in Asia)
■Sustainability
• Depletion of the earth's resources(energy, food, water)
• Climate change, increasing risks of natural disasters
■Technology
• Advancement of technology
• Development of AI
■International politics and security
• Instability in international affairs(Decentralization of
authority)
• Emergence of developing countries
• Expansion of Chinese and Indian influence
■Industry
• Change in structure/reorganization of industry
• Shrinkage of the domestic market
■Employment and labor
• Change in occupations
• Promotion of diversity
■Welfare
• Increase in the cost of welfare(e.g., nursing care)
■Values
• Change in values
7. 7
■Sustainability
・ Alternative resources, development and discovery of new
energy
・ Outbreak of natural disasters or food crises
■Technology
・ Coexistence with technology
・ Who will manage technology?
■Management
・ Awareness and role of capitalism
・ How we measure corporate value
・ Awareness towards economic growth
・ Globalization of Japanese companies
・ Core values and competitive advantage of business
・ Creation of values through innovation
■Employment and labor environment
・ Fluidization of hiring and talent
・ Expansion of diversity management
・ Shift away from hiring only new graduates
・ Implementation of severance pay system
■Individuals
・ Independence
・ Participation as citizens
■Education
・ Innovation in education
・ Lifelong learning and chances for
re-education
■Welfare
・ Role of the safety net
■International politics
・ Power-shift and the establishment of a new world order
12. 12
Japan‘s population decline - One in three people is over 65
According to the National Institute of Population and Social Security Research, Japan‘s population which was 128 million in 2010, will fall to just over 116
million by 2030. When looking at the population by age group, the decline is only evident in those up to age 64, while the number of over-65s continues to
increase.
The result is that in 2030, nearly one in every three people is aged 65 or above. According to statistics from the the Ministry of Health, Labor and Welfare,
the working age population is expected to decline from 58.48 million in 2000 to 49.26 million by the year 2030 (a decline of 16%).
In light of this structural change in population, the domestic market will shrink, while the costs of social welfare such as pensions and nursing and medical
costs will increase. Moreover, the accepting of immigrants to compensate for the decline in labor power will become a major point of debate.
Global population growth, mainly in Asia and Africa, and urban concentration
The United Nations predicts that world population of 7.3 billion in 2015 will grow to 8.4 billion by the year 2030. The UN report on the 48th Session of the
Commission on Population and Development predicts that “all of the projected 1.1 billion increase in global population over the next 15 years will take place
in urban areas,” and notes that “currently more than half of the world‘s population lives in urban areas, and in the next 15 years, that ratio will increase
further.“ The countries of Asia and Africa will experience the majority of the population increase; about half of the world’s population will live in Asia, while
15% will live in Africa. (Of note, India will surpass China as the world‘s most populous country in 2028.)
On the other hand, the world is still far from extinguishing poverty, and the flow of migrants and refugees from Africa and the Middle East to Europe and
other developed countries has not ceased.
Globalization, cross-border economic activity, and Japan‘s weakened presence
The pace of globalization has picked up, and the world is connected. Any event can bring about unexpected effects - for example, floods in Bangkok can
have dire consequences on auto manufacturers in Japan‘s Tohoku region. According to the 2012 White Paper on Trade released by the Ministry of Economy,
Trade and Industry, the total volume of global trade grew by 1.7 times from 2000 to 2012, and goods and services transactions are accelerating. With
increasing connectivity across borders, the world becomes one market - all industries and companies can no longer avoid the effects of globalization and
competition from those beyond their borders.
Conversely, Japan‘s presence within the global economy has declined. Global Trends 2030, a publication by the National Intelligence Agency of the United
States, predicts that between the years 2000 and 2050, the buying power of Japan’s middle class will have fallen rapidly from ten percent share of that of the
global middle class to between two and three percent. (Middle class buying power in China and India, on the other hand, is expected to reach nearly 40% of
the global share by 2030.)
13. Resource crisis risk, food crisis risk
In the base scenario of The Limits of Growth, food production levels fall in the first half of the twenty-first century. Currently, food production levels are
keeping up with consumption, but global crop acreage per person has not increased since the latter half of the twentieth century. While acreage per person
continues its decline, the growth rate of crop yield per acre has slowed. Among these circumstances, the tides of global population growth, meat-eating, and
competition for fuel demand have been unleashed. Even among energy resources, for example, the amount of discovered conventional crude oil has been on
the decline since its peak in 1965. Since 1984, the amount of oil produced has exceeded the amount of oil discovered, and that gap is expanding further.
Regardless of the scale and effects, and whether or not the issue is more visible than now, we can say that society in 2030 will be one that bears the risk of
resource and food crises.
Natural disaster risk, political instability and terrorism risk
Damages (global total) from natural disasters rose from less than $100 billion annually in the 1970s to between $100 and $200 billion in some years during
the 1990s. Since the year 2000, the annual total damages have sometimes reached between $300 and $400 billion. Fluctuation from year to year is also
increasing in intensity. In the airline industry for example, there are noticeably significant drops in industry performance coinciding with the Gulf War, 9/11,
and the SARS outbreak. Events with significant impact on the industry previously happened at a pace of once every 10 years, but are now occurring every
three or four years. It‘s an era in which external risks such as natural disasters and terrorism have greater impact on financial performance rather than
business competition.
Financial crisis risk
There is an increased risk of global financial contagion, as was seen with the collapse of Lehman Brothers and the 1997 Asian financial crisis. The financial
assets economy is larger than the real economy, and the gap is expanding. The globalization of finance is also underway. Resources and food have long been
objects of investment, but are expected to become financial products to invest for. In these circumstances, financial crises that take place in just one country
or region, or that involve just one commodity, are ever increasingly to impact countries and industries which do not seem to be directly connected.
13
14. Artificial intelligence and robots - advancements in technology and changes in occupations
As the information economy develops further, changes in industry structure and industry shakeups will occur.
Various technologies such as robotics and AI will advance. (Ray Kurzweil, famous for predicting that the “singularity,” in which AI replaces humans as the
principal evolver of technology, will occur in the year 2045, believes that AI will achieve the same level of intelligence as humans by the year 2029.)
With the evolution of technology, jobs that humans perform right now will be replaced by machines, and occupations and style of work will change shape
drastically. According to a Nomura Research Institute report which analyzed multidimensional quantitative data from The Japan Institute for Labour Policy
and Training‘s “Research of occupational structures,” 49% of the Japanese working population is under risk of being replaced by AI and robots.
We will also see a the talent war in the AI development field.
Shift in values, the emergence of the Millennial Generation
Around the world, the “Millennials,” the generation of people who become adults in the year 2000 or later, are gathering attention for possessing qualities
unique from those of previous generations. They are the first generation of people raised in a digital, online environment - the so-called “digital natives.”
They can easily collect and convey information through social media, have a strong sense of belonging to a community, and tend to value relationships with
their peers.
Even in Japan, research by the Hakuhodo Institute of Life and Living shows that the pre-bubble generation (those born before 1973) and the post-bubble
generation (those born in 1974 or later) hold contrasting values, such as “the future is an extension of the present/the future is a break from the status quo,”
“values focusing on oneself/values relationships with peers,” and “wants to continue the same lifestyle/wants to flexibly change to new lifestyles.” (The
former are tendencies of the pre-bubble generation, while the latter are those of the post-bubble generation.)
Just how much the values of the new generation will impact real society remains to be seen, but it‘s certain that as time goes by, the ratio of Millennials to
total population will increase. (In Japan, the pre-bubble generation makes up more than half of the country's population, but this is expected to reverse in
favor of the post-bubble generation by 2023.)
14
17. 1. The Trilemma - - (1)
An Aged Society and the Myth of 20th Century-Style Labor
The population of Japan, approximately 128 million in 2016, has fallen to 116 million. The aging of Japan‘s population has progressed at a rate never before
seen, and more than one in three people is now aged 65 or over. The working-age population has continued its decline, and labor shortages are cropping up in
various areas.
20 years have passed since Japan‘s Economic and Social Research Institute released the results of its research stating that “it has become difficult for
businesses to maintain seniority pay and lifetime employment systems.“ "A life spent working for the same company is a stable one." "In order to lead a good life,
I need to enter a prestigious company as soon as I graduate university." "Work should be from Monday through Friday, and people should arrive at a certain time
in the morning and do some overtime before going home." -- As more and more jobs are in effect being replaced by non-regular employees, and despite being
told that the situation is deteriorating, these myths of the 20th-century working style remains deeply in the minds of Japan's workers.
The reality is that there has been little progress since before the Olympics in the way of creating systems that would allow women, senior citizens and
foreigners to contribute more to the economy. The social status of non-regular employees, who are in effect sustaining the labor market, remains low.
As if trying to align themselves with these businesses and societal values, individuals are once again chasing the illusion of stable employment. There are few
people actively aspiring to change professions or start their own businesses, and the movement calling for liberal working styles such as role-based or project-
based work, side jobs, remote work, flex time and work sharing is still small.
The Olympics Recoil and the Structural Weakening of Japanese Companies
The goal of corporations is to make money - to raise profit in the short-term and return profit to shareholders. This is what companies focus on, and while they
are reminded from time to time by researchers and intellectuals of resource and food depletion risk, many companies tend to focus on the current fiscal year‘s
results rather than long-term sustainability, and have management that accommodates shareholders rather than the multi-stakeholders. Around the world, there
are large and small phenomena taking place which directly or indirectly affect sustainability, such as climate change and resource depletion. Japan, however, has
not experienced external shocks such as large-scale food or energy crises, nor does it posses revolutionary energy sources that would replace current resources.
Therefore, Japanese businesses are still primarily relying on measures valuing shareholders and short-term profit.
Until 2020, when the Tokyo Olympics and Paralympics took place, business boomed due to the “Olympics Effect,” centered on construction and tourism
demand, and the national economy as whole was strong. However, since the start of the “Olympics Recoil,” businesses that were managed with a short-term
outlook have found themselves in financial trouble, and the state of international affairs is unstable. Despite an excess of employees who were hired during the
“Olympics Economy,” dismissal regulations are strict, and there is a limit to how many staff can be laid off. Reluctant to hire young workers, the average
employee‘s age gets higher and higher at many companies. Japanese companies are in danger of seeing a “structural weakening.”
17
18. 1. The Trilemma - - (2)
Lagging in Innovation - Japan‘s Lost Half-Century
Employment of women, senior citizens and foreigners has seen some progress, and on the surface, diverse working environments appear to be increasing.
However, this is limited to certain fields and working styles, and is not the “true” diversity which gives rise to innovation. Lifetime employment, seniority and
uniform working styles are obstacles to hiring foreign employees, and a major reason why Japan attracts little attention in the market for global talent.
Despite the fast evolution of technology such as robots and AI, as a result of traditional working customs and regulations such as the Act on the Protection of
Personal Information, advanced technology has not been adopted as part of reforms at Japanese companies as much as initially thought. A few global companies
that possess big data, as well as countries like Germany that took the initiative in Industry 4.0, are dominating the market. Industry 4.0 is a national project led by
the German government, and a collaboration between industry, government and academia. With the keyword of “smart factory,” the goal is to minimize costs by
raising the level of digitization, automation, virtualization and IoT in the production process.
Some intellectuals lament that “Japan has completely fallen behind in innovation, as it is slow to create a foundation which gives rise to innovation such as
liberal working styles, diversity and technology.“ To put it simply, Japanese companies have not changed since before the 2020 Olympics - or rather, since the
90s after the burst of the economic bubble. With the last 40 years of Japan‘s history on their minds, more and more people cynically state that Japan may soon
find itself with a ”Lost Half-Century.“
Society‘s Trilemma
The country faces a huge deficit every year due to pension and medical costs that increased along with the aging of the population and a smaller workforce.
The shift from regular to non-regular work continues, and the risk of increased social welfare cost becomes greater and greater. What will the government
do about the huge national debt? The answer is unclear. The time bought with economy-stimulating policies such as fiscal deficits (fiscal stimulus) and currency
control, repeatedly invoked since the 1990s, has been wasted on ad hoc measures, rather than used for structural reform.
The paragraph below taken from a book written more than 15 years ago eerily foreshadows the current state of Japan. Businesses, citizens (laborers),
government...these sectors have failed to share one vision. Society finds itself with a trilemma - reform has been inhibited as a result of each player attempting to
optimize their own actions. How much has this situation changed since the following passage was written in 2013?
Japanese voters are fatalistic and have been for years. New York Times reporter Martin Fackler explains that people‘s “high-flying ambitions have been
shelved, replaced by weariness and fear of the future, and an almost stifling air of resignation. Japan seems to have pulled into a shell, content to accept
its slow fade from the global stage.” Rent-seeking by a troika of big companies, big banks, and a big bureaucracy have hindered the political system from
making structural reforms. In essence, Japan seems to be stuck in the same dilemma today that it faced a century and a half ago. ... Japan needs a twenty-
first-century version of the Meiji Restoration.
Balance: The Economics of Great Powers from Ancient Rome to Modern America; Glenn Hubbard, Tim Kane.
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21. 2. The Emergence of Individuals - Great Disparity and the Emergence of Niches- (1)
Technology‘s Impact: Shift in Working Styles and the Extinction of Occupations
Nearly a quarter-century has passed since Time magazine selected “You” as the 2006 Time Person of the Year, acknowledging the spread of personal
information through blogs, social media and YouTube. One can feel more and more that this is the era “the individual leads the change of the times.”
Especially striking in the last 10 years has been the diversification of working styles. The development of information infrastructure which made at-home work
and remote work ubiquitous, the development of AI technology which replaced back office functions, and the development of machine translation and cloud
outsourcing to help with worker‘s tasks, are all examples of how technological development empowered the individual’s work life, and more people find
themselves changing jobs frequently. A majority of unskilled labor has been taken on by robots, and even white-collar positions such as investment
manager, human resources associate, and telephone sales representative are rapidly being replaced by AI. It seems that Oxford University Assistant Professor
Michael A. Osbourne and his research group, was right on the mark when he announced the paper on the "extinction of the occupation" in 2014.
A Shift in Demographics led changes in Working Styles
In Japan, during the late 2010s and 2020s, workers engaged in at-home caretaking increased with the rapidly aging population. As a result, the demand grew
for more flexible working styles. With an insufficient working-age population, expectations rose for retired seniors and mothers with small children to participate
in the labor force and the demand for the working flexibility intensified in the face of changing demographics. The combination of this and the technological
working revolution mentioned above have broken down the traditional "weekdays nine-to-five" working style, and the terms shinsotsu ikkatsu saiyo
(Simultaneous recruiting of new graduates is the system that companies hire new gradates all at once and employ them) and shuushin koyo (lifetime
employment), which once symbolized the Japanese labor system, are now completely obsolete.
This trend is further enforced by the expanding influence of Millennials who, as digital natives, value innovation and breaking the status quo, and have a
tendency to always flexibly change their lifestyles.
Open and Flexible Employment Systems and HR Policies
Companies have had no choice but to design open and flexible employment systems, and diversity hiring has become commonplace as women, seniors, and
job-changers, previously not mainstream in Japanese company culture, become essential hires. More companies are starting to distance themselves from the
idea that they must procure talent internally. Meanwhile, the profession-based working style, in which one improves upon his or her strengths (while changing
jobs), and the project-based working style, in which internal and external professionals are connected through working on a project basis, are common.
This also means for companies that it has become possible to flexibly allocate employees and freely utilize a mix of talent from both inside and outside the
company as needed. As a result of labor law reforms which have taken place since the 2000s, regulations regarding dismissal of (both regular and nonregular)
employees have been relaxed, and it has become easier for management to quickly allocate employees to growth areas and reallocate them when growth is
limited.
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22. 2. The Emergence of Individuals -Great Disparity and the Emergence of Niches- (2)
Myopic organizations and innovative individuals
Social vulnerabilities to the limits of food and other resources are increasing, however, there aren‘t any visible crises taking place. As a result, the vast majority
of companies are focusing on what’s in front of them - short-term profit and shareholder return - while sustainability efforts remain sparse. Some companies
have achieved success as they cut labor costs through utilization of technology and external resources, and managed to shift to growing industries. However,
Japanese society as a whole has been under pressure to streamline and invest in the business for short-term results, and innovation with long-term perspectives
which could give rise to solutions to societal problems has not been taking place.
Rather, the individuals who take advantage of technology are leading innovation. The "Maker movement" proposed by Chris Anderson in 2012 has developed
further. Individuals are making use of digital tools such as 3D printers and laser cutters, and are using global factories via the internet to outsource low-cost,
small-lot production, and sell products to the world online. There are also more examples of rejuvenated communities which have developed local innovation in
partnerships with small businesses and universities. Small open innovation is occurring everywhere in the world.
Even in Japan, innovative individuals have sporadically created some innovation, but few of them are backed by domestic capital. Rather, there is a noticeable
trend of forming startups overseas where there is a space for innovation, freedom and more opportunities for investments.
An Age of Great Inequality where “Electric Sheep Eat Men”
Individuals who work across national borders, individuals who leave the cities to work in the countryside, individuals who work in the NPO/NGO sector. These
individuals are featured in the media in place of lackluster companies, and society is hailed as being “individual-driven.” But that is just one side of reality.
In fact, those who succeeded in proactively utilizing their freedom in working style are few, and those who become the working poor or unemployed have
increased overall, as there is now less focus on maintaining the same job. The era of "survival of the fittest" has arrived as the "labor divide" expands and power
disparity between individuals becomes more evident.
“Sheep are eating men,” is how 16th-century English philosopher Thomas More criticized the social situation in which peasants were robbed of their land and
jobs to make room for more sheep as the wool industry developed. Playing on this phrase and the title of Phillip K. Dick‘s classic Do Androids Dream of Electric
Sheep?, the view that humans are being robbed of their jobs by robots and AI has become described as “electric sheep are eating men.”
Society is polarized between the minority of successful people and the majority “underclass,” but the social welfare system is not fully able to cope. The cost of
supporting the poor and unemployed is ballooning and the country‘s fiscal situation is steadily growing worse. While corporate tax has been kept low to
compete globally, various other taxes such as consumption tax are rising. Consumers’ buying power has weakened, and the domestic market is shrinking at a
faster rate than the population is. Under these circumstances, more businesses and individuals are abandoning the domestic market and flowing out to emerging
countries. The widening of the disparity and the social welfare crisis have become major themes of the era.
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25. 3. Awakening of Business Sectors -Supranational governance and Creating Shared Value- (1)
Outbreak of international food crises
Due to the exponential increase in world population, international food crises triggered by the Russian Winter impact in 2021 and the Sub-Saharan large
drought in 2020 lead to a sharp rise in food prices around the world, causing the Great Famine in developing countries and “food shocks” in Western nations.
Japan is also under influence; it has had persistently high food prices, especially wheat and sugar. At the same time, there has been a succession of large-scale
natural disasters, such as the Yangtze River depletion and the Mekong Flood in 2022, which are thought to be attributed to the recent climate changes. Depletion
of several fishing grounds off the New England Coast due to effects of climate change and overfishing, has hit corporations in the food industry.
Due to these changes, the importance of new international rules such as SDGs and COP21 are greater than ever and the world has begun to fully endorse
implementation of these measures. Citzens in developed nations are also aware that sustainability of resources such as food, water and energy are highly
important, relevant issues due to the increased exposure to news regarding such price spikes and corporate bankruptcies happening as a result. Consumer
demand for services and products promoting sustainability, including certified products such as FSC and MSCs, is rising.
Sustainability becoming a key corporate issue
Sustainability is becoming the most important corporate issue for corporations facing resource procurement crisis and threats to business continuity.
Corporations that care about long-term sustainability and pay respect to the limited natural resources and diverse stakeholders are becoming more accepted in
today‘s society, while those that do not face increasingly larger hurdles in hiring, resource procurement, and business development.
There‘s an increasing amount of attention given to the idea of focusing on “social values” and impact on the community as a measure of corporate value. The
social investment market that aspires to invest in corporations based on their social impact are booming at a level uncomparable to that of 10 years ago.
Investors are keen on finding “social innovations” that create new markets and business opportunities by solving social issues. It is undoubtedly becoming easier
to focus on long-term research & development and creation of new markets without being bound by the pursuit of short-term profits; and for corporations that
are willing to take this path, there's an environment for innovation awaiting them.
The modern "Black Ships" - Supranational CSV firms
Those leading the frontier of such shifts in corporate values are the supranational CSV firms that have been looking ahead and pursuing a double bottom line
(social value and financial profit) since more than 15 years ago. These firms are large-scale companies that pursue CSV (Creating Shared Value: Generating
economic value in a way that also produces value for society) on a global-scale. These companies are reaping the benefits of looking ahead and taking action long
before the world came to realize the gravity of sustainability risks.
Companies that were simply pursuing the highest short-term profits for stakeholder revenue are entering a phase where they can no longer survive unless
they change course. There's an increasing number of corporations going out of business due to their inability to overcome resource procurement and business
sustainability crises, while some of them are acquired by supranational companies.
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26. 3. Awakening of Business Sectors -Supranational governance and Creating Shared Value- (2)
New rules of the game - creation and implementation of de facto global standards on sustainability
Looking at international politics, we can see that there's increasing tension between nation states as global food crises and growing international inequality
become serious problem. While many governments are exacerbating the situation by taking conservative measures, supranational companies are making their
contributions in international politics by pursuing economic activities across borders and maintaining or creating new schemes for cross-border connections. In
many aspects, these supranational corporations are leading the formation of global societies today.
Of course, Japan is no exception to such phenomenon. Supranational corporations and international organizations that have received supranational
corporations‘ support and lobbying efforts are building global de facto rules regarding resource procurement and accounting. They are demanding that the
Japanese government and corporations follow such new rules of the game as well.
“We have piped unto you, and ye have not danced” - The emergence of next generation‘s leaders
An increasing number of new generation leaders are taking up on new ways of corporate management as a reaction to the risks taking place in Japan today.
There's even a movement called "TEAM JAPAN" formed by a group of such leaders who aspire to compete against supranational corporations by forming a unity
amongst companies leveraging on Japan's uniqueness and strengths.
On the other hand, the vast majority of Japanese society is still suffering from lack of mobility in the labor market due to old employment customs such as life-
time employment that are still effective today. These customs are encouraging employees to pursue stability and defer from taking risks, hindering many
corporations from innovating or adapting to global changes happening today. With such a large, stagnant workforce, it is very difficult for leaders to steer the
organization in the direction that he or she wants to lead. Corporations that have successfully shifted their course are limited to those where management has
exceptionally high leadership skills.
While we are about to approach a world where individual productivity and power are greatly enhanced by technology and artificial intelligence, we have yet to
see a global consensus on whether the private sector or the public sector is going to take the lead in technology governance.
Especially in a country like Japan that the usage of technology is highly regulated, we can not keep up with the pace of technology advancements and are left
behind in new technology usage. (On the other hand, citizens are keeping up with and leveraging new technology in most of the nations in the world that prefer
to put legal restrictions in place only after deemed necessary.) This is one of the reasons why Japan has yet to see a radical shift in corporate management and
working styles.
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29. 4. The Quadruple Helix -21st century with 4 sector synergies- (1)
A season for change - Sector co-creation movement and the “2023 crisis”
Japan has experienced a “season of change” from the late 2010s to the 2020s. At the center of this era was the "Sector co-creation movement" triggered by
the 2020 education revolution and Tokyo Olympics.
In order that these educational reforms set for 2020 be far-reaching enough to embody the ideals of “21st Century Scholarship,” these reforms must have
serious and tangible outcomes extending beyond its initial rallying cry - for reformations in University entrance exams, the content and subject matter of
University lectures, as well in academic counseling; to this end recommendations have been implemented to engage not just Universities and other entities in the
education industry but also local communities, businesses, and individual citizens so that each and every one of them might contribute their own unique
resources and opinions. Additionally, with regards to the Tokyo Olympics the concept of a “Social Olympic” was proposed and implemented, as a sort of ‘lever’
designed to encourage cooperation across otherwise separate sectors to address social issues and themes. Beginning in 2020, partnerships have been made
across sector boundaries - between business and government, academia, citizen groups (NPO, NGO) - and this spirit of cooperation has continued to grow.
Furthermore, Japanese society had been shaken by the “Post-Olympic Great Depression” in the first half of the 2020s. Once the construction/real estate,
transportation, tourism/entertainment bubbles created by the Olympics burst, an epidemic of technology replacing human labor quickly spread. This in
combination with loosening termination guidelines produced an enormous number of unemployed workers. By 2022 Japan's economic growth rate fell into the
negatives. In 2023 large protests were organized by mainly jobless millennials and women, calling their movement the "Rebellion of the 99%.“
In order to alleviate this situation, the government, employers‘ associations, and civilian representatives signed the “Komaba Treaty” in December 2023
following initiative taken by some academics (Named as such after the location of the Tokyo University campus in which discussions were held). Looking at
Netherlands’ Wassenaar Arrangement for improved job security and work sharing, and Denmark‘s Flexicurity for generous prefecture-designated termination
guidelines/social welfare (such as unemployment benefits) / active labor market policies (such as new technology learning support), the “Quadruple Helix”
model was adopted nationally.
A season of Change that Japan faced in the 2020s. While there were some amounts of protesting, it is suggested that the springboard of Japanese society
successfully overcoming this tumultuous period was the increased levels of civilian engagement in politics (as described above in the combination of the afore-
mentioned education reformation and the “coevolution of education and political participation”), stemming from the 2016 decision to lower the voting age to 18.
The ability of individuals to work independently while still cooperating with one another had created an ethic of "inclusion" across society that kept the crisis at a
bare minimum.
The Quadruple Helix Society
Originating with the education reformation and the Tokyo Olympics, and building rapidly upon the “Komaba Agreement”, the collective output of the business
sector, government sector, academic sector, and civilian sector is referred to as the “Quadruple Helix.“ The term ”Quadruple Helix” comes from the domains of
city building and urban planning and it has been proposed as a fundamental guideline for producing innovation since the latter half of 2010s primarily in Europe.
Its two contrasting points with the prior ‘Industrial-academic-government cooperation’ are as follows:
The first is how the four sectors share a common vision for the future and work together producing a synergistic effect. (In the prior “Industrial-academic-
government cooperation,” each sector moved in vastly different directions, often finding themselves unable to cooperate effectively when partnering for certain
topics and issues.)
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30. 4. The Quadruple Helix -21st century with 4 sector synergies- (2)
The other difference is the actions for innovation by involving citizens and building consensus in a democratic manner. In a conventional arrangement, for
example, “Construction of Olympic facilities” and “Peace and well-being of near-by residents and immigrants” were handled as separate themes, leading to a lack
of cross-thematic cooperation. The Quadruple Helix philosophy deems both matters - the Olympic Facilities and the residents - as integral parts of the community
and takes a ‘human-centric’ perspective, thereby encouraging innovations and ideas across different themes and organizations. By now the notion that one
should look to this “Quadruple Helix” philosophy in order to find solutions for social issues or to start a new business has become a mainstay of contemporary
Japanese society.
21st century businesses balancing innovation and sustainability
Corporate management has changed due to the arrival of the Quadruple Helix society. There have been many examples of corporations leading innovation
through collaborations with various stakeholders such as governments, universities, and citizens regardless of geographical restrictions and organizational
boundaries.
Sharing of visions across sectors helped corporations become more aware of non-business related risks (such as weather changes, resource and food crises,
and disuputes) and incorporate them in their management strategies. There has also been an increase in the number of corporations advocating for long-term
corporate sustainability and inclusion of multiple stakeholders, rather than solely focusing on short-term profits and shareholders‘ opinions. These corporations
are focusing on long-term research and development and opening of new markets, much to the investors’ and consumers‘ delight. Japanese corporations are
increasing their presence and leading the world as a global “middle power” by achieving multiple innovations in the field of “circular economy” (an industrial
economy that is producing no waste of resources and products).
Corporate structures are also changing according to the Quadruple Helix model; many corporations are now aspiring to follow the Holacracy model that
unleashes each individual‘s potential rather than the hierarchical model that was dominant until the 2010s. An increasing number of people are leveraging the
rapidly advancing technology to work in a flexible manner, overcoming job description, time, and geographical boundaries or restrictions. Labor legislation has
also changed to support and accelerate such changes, leading to a formation of a society that encourages diverse working styles.
The sun rises once again
In a different perspective, we have entered an era of self-responsibility, where increased self-organization and independence gives birth to the widening of a
gap between a small percentage of top talent and the majority “underclass.” However, Japan has avoided becoming a world where the weak are victims of the
strong by advancing its education system and increasing political participation among citizens. Japan has been acclaimed for its ability to minimize societal costs
by creating an appropriate social infrastructure to avoid the trap of increased inequality and unrest following increased freedom and self-organization.
A steady economic environment, a society that prioritizes diversity inclusion, and support for innovative social problem-solving - due to such changes, Japan
and Japanese corporations are both shifting their focus from how to maintain their stance as a global economic power to how to innovatively and efficiently
become a middle power in an era of shrinking population. Japan is prioritizing its efforts and resources on industries that it has unique strengths in - such as
healthcare, environment, food and agriculture - to compete in the global economy, while contributing to the global movement of achieving sustainability.
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31. Outbreak of resource crises and natural
disasters
Establishment of de facto global rules on
sustainability and pressure on businesses
Early emergence of millennial values
Individual empowerment through technology
Liberalization of labor systems as a result of
decline in the working-age population
Coevolution of education and
political participation
( Increased citizenship)
Social inequality crisis
Financial collapse
Coevolution of education and
political participation
( Increased citizenship)
Coevolution of
education and
political
participation
( Increased
citizenship)
31