Economic development – Turning global trends into local prosperity
Globalization, demographics, technological progress, the rise of the new informed and empowered Omni Consumer, corporate social responsibility and political uncertainty are six megatrends we believe will have significant impact within the next 15 years on businesses, regulators and lobbying groups, as well as organizations involved in investment promotion and economic development.
Think of these six megatrends as one dimension of a Rubik's Cube. When changed, they, correspondingly, create changes to the businesses and agencies that represent the other sides of the cube. As companies change and innovate their business models in response to the megatrends, investment promotion agencies and economic development organizations must understand the ever-increasing changes, deal with more intense competition and effectively respond to the needs of their clients, environment and competitors.