👏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
