This is a period of significant and profound change, one that perhaps happens once in a lifetime. Technological advancements and transitions are quickly moving us from the old to the new economy. This tech evolution is having an impact on the way we live, how we work, how we govern, how we identify as individuals, and who we do business with. The changes that we’re experiencing will shape the global landscape for generations.
Bloomberg’s New Economy Forum seeks to be the defining voice and global hub of ideas as we experience these transitions and seismic shifts. The forum will give a unique group of leading executives, policymakers, rising stars, innovators, and thought leaders from around the world the opportunity to have candid exchanges and conversations. Together, they’ll define the challenges, identify the opportunities, and chart a way forward for the global community.
Global institutions and capitalism are struggling. Is the answer greater regionalism to preserve economic and political stability? Technology is making governments simultaneously more powerful and more vulnerable. Artificial intelligence gives governments a powerful tool to monitor and control their populations, but it also provides a way for the public to scrutinize their leaders. How can societies protect the freedom of individuals? To compete, Western governments are developing industrial policies in response to the Chinese Model, featuring industrial planning and powerful state enterprises. Are these Chinese models more suited to the tech-driven economies of the 21st century? Will New Economies borrow the Chinese playbook? And will the free-market systems of the West be forced to adopt some of its principles?
The World Trade Organization is in trouble. A U.S.-China trade deal is being negotiated outside the WTO framework, weakening a pillar of the Bretton Woods system and raising the question: Is the multilateral trading order giving way to an era of managed trade? Meanwhile, New Economies face critical infrastructure bottlenecks. The “Belt & Road” initiative helps fill a massive gap with real strategy, hard cash, and 5G-enabled projects. Skeptics talk of debt traps and nontransparent contracts that favor Chinese companies. Is there a better plan? And as technology continues to spread, the trade in data is worth more than the trade in goods. Is proximity to fiber-optic cables more important than being close to sea lanes and air routes? If so, who are the winners and losers in this digital market?
Cross-border innovation networks produce breakthroughs in areas such as artificial intelligence and robotics. 5G networks will enable everything from autonomous driving to telemedicine. But a Silicon Curtain is falling between the U.S. and China that threatens the global rollout of 5G networks, which could cleave the global industries and cause an “innovation winter.” How will New Economy countries navigate the uncertainty? What will be the impact on global businesses?
Cities are becoming hubs of the New Economy, and local governments are taking on a more global role. At the same time, technology is changing how cities function. Mayors are increasingly designing the blueprints for successful living across diverse metropolises. How do governments balance the growing importance of cities with non-urban populations needs?
Finance & Capital Markets
Can capitalism save itself? To survive, it will be forced to reconcile with its critics on the Left demanding radical wealth redistribution, higher taxes, stronger social safety nets, and a stronger role for the state in the economy. What will this mean for corporate investment and profits? Increasingly, as China’s trade surplus shrinks—or turns negative—the country will look to the rest of the world to finance its growth. What are the opportunities for global businesses?
Many scientists worry that we’ve already past the point of no return and the warming is irreversible. Does the world need to turn the focus from prevention to mitigation? How will this shift in planning affect migration, economies, and infrastructure development? What are the governments and businesses that are planning creatively for a different climate and what can the world learn from them?
Global migration has had an impact on old and New Economies alike. It’s easier and less expensive than ever for people to move in search of opportunity. But this mass movement hasn’t always been welcome and has given rise to populism and xenophobia. How can societies include the talents of migrants for the economic benefit of all. There are more women in government than ever before, but women business leaders have yet to reach parity with men. The economic benefits of women in the workplace are well known. But will the New Economy pave the way for gender equality?