Transcription of NORD LB The FUTURE - OECD.org
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NORD LB The FUTURE - OECD.org
As the 20th century draws to a close,powerful forces of change areconverging that could set the stage fora long, sustained economic boom in the nextfew decades the transition to a knowledge-based society with its potentially hugeproductivity gains; the emergence of moredeeply integrated, global markets for goods,services, capital and technology; and a fast-growing environmental awareness that couldgreatly accelerate the shift to new, lessresource-intensive production and consumptionpatterns. The result could be several decades ofabove-average economic growth, substantialincreases in income and wealth, and significantimprovements in well-being across the what will it take to unleash these dynamicforces? Not only will it will call for a range ofinitiatives to establish the rules and frameworksfor guiding the transition to a sustainable globalknowledge economy. Above all, it will requireexceptional efforts among decision makers ingovernment, business and society at large toencourage continuous innovation, creativity andhigh levels of investment, and to promote boldnew approaches to closer international co-operation and institution building.
A s the 20th century draws to a close, powerful forces of change are converging that could set the stage for a long, sustained economic boom in the next
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