This pocast looks at who to know when you are playing to win from 2025 to 2050 as the global economy doubles. Who will be friend, who will be foe? It is based on published work by Global Strategist, Sophie Krantz.
This podcast discusses how to achieve long-term success in a rapidly changing global economy. The episode emphasizes that fixating on current geopolitical alliances and labeling countries as “friends” or “foes” can be detrimental. Instead, businesses and leaders should adopt a broader perspective.
The discussion is framed around a projection of the global economy in 2050 by Goldman Sachs. The key takeaways of the forecast are:
Asia, excluding Developed Markets, is predicted to contribute 40% to the global GDP, slightly surpassing the Developed Markets' share of 36%. This marks a significant shift from the year 2000 when Developed Markets accounted for over 77% of global GDP.
Emerging economies like India, Bangladesh, and the Philippines are expected to experience substantial growth due to their young populations and expanding workforces.
Developed economies, including China, are projected to see slower growth rates.
Brazil is anticipated to outperform some developed nations, but Indonesia is likely to become the largest emerging market.
The podcast underscores that these economic projections necessitate a forward-looking approach from business leaders. Rather than aligning strategies with the short-term priorities of current world leaders, businesses should:
Concentrate on problem-solving and finding solutions.
Build a diverse network of collaborators and partners, irrespective of their location.
Embrace a global perspective, identifying opportunities in trends, technologies, and potential threats.
The podcast concludes by encouraging listeners to reconsider their definitions of “friend” and “foe” in a global context. It suggests reaching out to individuals and establishing connections even if it challenges conventional thinking. The central message is to think, act, and lead globally, moving beyond the current state of affairs to achieve success in the evolving economic landscape.
When you change the way you see the world, you change the way you can shape it.
*Season one of The Global Edge podcast with Sophie Krantz is AI generated. Season two, launching early in 2025, will be hosted by Sophie Krantz.
