World Economic Forum Lists 10 Trends That Will Define Global Agenda

Photo of Douglas A. McIntyre
By Douglas A. McIntyre Published
This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.

The World Economic Forum’s (WEF’s) “Outlook for the Global Agenda 2014” is based on the opinions of 1,592 important people from 112 nations around the globe. Leaving aside whether that sample number is too small to accurately define predictions of the future, the new report identifies “the top ten trends” facing mankind. The aspect of the report that stands out is how many of these are defined by technology and its dangers. Just a few years ago, these kinds of threats would not have been on the list at all.

The 10 trends are:

1. Rising societal tensions in the Middle East and North Africa
2. Widening income disparities
3. Persistent structural unemployment
4. Intensifying cyber threats
5. Inaction on climate change
6. Diminishing confidence in economic policies
7. A lack of values in leadership
8. The expanding middle class in Asia
9. The growing importance of megacities
10. The rapid spread of misinformation online

Taken one by one: social tensions in the Middle East are centuries old, and so are income disparities and unemployment issues. The jobs and income problems may have been made more acute by the global recession, but there have been waves of economic turmoil worldwide that have caused similar anxiety many times before.

The lack of values in leadership is also an issue that has existed almost forever. Among the major nations, and many minor ones, “valueless leadership” has been the rule more often than the exception. And “diminished confidence in economic policies” assumes that most countries have ever had substantial policies in this area at all.

Misinformation online and cyber threats are entirely new because they are based on an Internet system that has only developed into a global one within the past 20 years. Unlike most of the other trends on the WEF list, these two are due to the ubiquity of technologies that do not have any borders and have almost no relationship to demographics or the economy. It is almost as easy to spread misinformation in underdeveloped countries as developed ones. As a matter of fact, because of the lack of technology skill in underdeveloped countries, it may be easier. Countries like North Korea have proved they are as adept at creating cyber threats as the programmers in any big country.

If the WEF report for 2014 has any single defining theme it is that technology has jumped onto the list of issues that define the world as much as others that have existed for much, much longer.

Photo of Douglas A. McIntyre
About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

Continue Reading

Top Gaining Stocks

CBOE Vol: 1,568,143
PSKY Vol: 12,285,993
STX Vol: 7,378,346
ORCL Vol: 26,317,675
DDOG Vol: 6,247,779

Top Losing Stocks

LKQ
LKQ Vol: 4,367,433
CLX Vol: 13,260,523
SYK Vol: 4,519,455
MHK Vol: 1,859,865
AMGN Vol: 3,818,618