Thursday, December 21, 2023

👏IMSPARK: A bold vision for 2040 with the "S-Curve."👏

👏Imagine... a bold vision for 2040 with the "S-Curve."👏




💡 Imagined Endstate: 

Countries become global leaders in innovation and sustainability, with a diverse and dynamic economy that leverages its strengths in technology, culture, and human capital.

🔗 Link:

📚 Source: 

Hwang, J., et. al. (2023). South Korea’s bold vision for 2040: A top-seven economy with $70,000 GDP per capita. McKinsey & Company. 

💥 What’s the Big Deal: 

A country like South Korea faces a stagnating economy, an aging population, and a lack of new growth engines🚀. To overcome these challenges, it needs to restructure, shift, and cultivate its industries, markets, and talent. By adopting eight bold actions, such as shifting to high value-added businesses, cultivating a foundation for innovation, 🌱and developing new global champion industries, they could achieve a 4 percent annual growth rate and become a top-seven economy by 2040. 🌏Inspiring other countries to pursue a similar vision of economic transformation and social progress. 

#SCurve #Economy #Innovation #Sustainability #Vision2040

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