IDEAS home Printed from https://ideas.repec.org/a/bla/popdev/v31y2005i4p605-643.html
   My bibliography  Save this article

The Next 50 Years: Unfolding Trends

Author

Listed:
  • Vaclav Smil

Abstract

Change in modern societies comes both because of sudden, and often catastrophic, events and because of the gradual unfolding of fundamental demographic, social, economic, strategic, and environmental trends. A previous essay by the author assessed the probabilities over the coming five decades of the most important natural and anthropogenic catastrophes with possible global impacts. This essay surveys key socioeconomic trends of the next 50 years. While the ranking and comparative assessments of the importance, intensity, and durability of these trends may be elusive, their historic background, complexity, linkages, and likely consequences can be illuminated by focusing on the long‐term futures of six major global actors: the United States, the European Union, the Muslim world, Japan, Russia, and China. This appraisal suggests a likelihood of a world without a dominant power (or a grand alliance) and subject to a potentially worrisome fragmentation.

Suggested Citation

  • Vaclav Smil, 2005. "The Next 50 Years: Unfolding Trends," Population and Development Review, The Population Council, Inc., vol. 31(4), pages 605-643, December.
  • Handle: RePEc:bla:popdev:v:31:y:2005:i:4:p:605-643
    DOI: 10.1111/j.1728-4457.2005.00091.x
    as

    Download full text from publisher

    File URL: https://doi.org/10.1111/j.1728-4457.2005.00091.x
    Download Restriction: no

    File URL: https://libkey.io/10.1111/j.1728-4457.2005.00091.x?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Maurice Obstfeld & Kenneth Rogoff, 2007. "The Unsustainable US Current Account Position Revisited," NBER Chapters, in: G7 Current Account Imbalances: Sustainability and Adjustment, pages 339-376, National Bureau of Economic Research, Inc.
    2. Khan, Azizur Rahman & Riskin, Carl, 2001. "Inequality and Poverty in China in the Age of Globalization," OUP Catalogue, Oxford University Press, number 9780195136494.
    3. Mr. Guy M Meredith & Mr. Ulrich Baumgartner, 1995. "Saving Behavior and the Asset Price "Bubble" in Japan: Analytical Studies," IMF Occasional Papers 1995/003, International Monetary Fund.
    4. Smil, Vaclav, 2006. "Technical Innovations and Their Consequences," OUP Catalogue, Oxford University Press, number 9780195168754.
    5. Francesco C. Billari & Hans-Peter Kohler, 2002. "Patterns of lowest-low fertility in Europe," MPIDR Working Papers WP-2002-040, Max Planck Institute for Demographic Research, Rostock, Germany.
    6. Rameshwar Tandon, 2005. "The Japanese Economy and the Way Forward," Palgrave Macmillan Books, Palgrave Macmillan, number 978-0-230-51395-2, December.
    7. Michael P. Dooley & David Folkerts-Landau & Peter M. Garber, 2004. "The US Current Account Deficit and Economic Development: Collateral for a Total Return Swap," NBER Working Papers 10727, National Bureau of Economic Research, Inc.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. David Coleman, 2009. "Divergent Patterns in the Ethnic Transformation of Societies," Population and Development Review, The Population Council, Inc., vol. 35(3), pages 449-478, September.
    2. Cubie L.L. Lau & Zinette Bergman & Manfred Max Bergman, 2019. "Environmental Protection and Corporate Responsibility: The Perspectives of Senior Managers and CxOs in China," Sustainability, MDPI, vol. 11(13), pages 1-17, July.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Choi, Horag & Mark, Nelson C. & Sul, Donggyu, 2008. "Endogenous discounting, the world saving glut and the U.S. current account," Journal of International Economics, Elsevier, vol. 75(1), pages 30-53, May.
    2. Enrique G. Mendoza & Vincenzo Quadrini & José-Víctor Ríos-Rull, 2009. "Financial Integration, Financial Development, and Global Imbalances," Journal of Political Economy, University of Chicago Press, vol. 117(3), pages 371-416, June.
    3. Nouriel Roubini, 2006. "The BW 2 regime: an unstable disequilibrium bound to unravel," International Economics and Economic Policy, Springer, vol. 3(3), pages 303-332, December.
    4. Xafa, Miranda, 2007. "Global imbalances and financial stability," Journal of Policy Modeling, Elsevier, vol. 29(5), pages 783-796.
    5. Thomas I. Palley, 2013. "Global imbalances and the Revised Bretton Woods hypothesis: Wrong before the crisis and wrong after," IMK Working Paper 108-2013, IMK at the Hans Boeckler Foundation, Macroeconomic Policy Institute.
    6. Kenc, Turalay & Dibooglu, Sel, 2010. "The 2007-2009 financial crisis, global imbalances and capital flows: Implications for reform," Economic Systems, Elsevier, vol. 34(1), pages 3-21, March.
    7. Miranda Xafa, 2007. "Global Imbalances: Do They Matter?," Cato Journal, Cato Journal, Cato Institute, vol. 27(1), pages 59-68, Winter.
    8. Kenen, Peter B., 2005. "Stabilizing the international monetary system," Journal of Policy Modeling, Elsevier, vol. 27(4), pages 487-493, June.
    9. Engler, Philipp, 2009. "Global rebalancing in a three-country model," Discussion Papers 2009/1, Free University Berlin, School of Business & Economics.
    10. Lars Calmfors & Giancarlo Corsetti & Seppo Honkapohja & John Kay & Gilles Saint-Paul & Hans-Werner Sinn & Jan-Egbert Sturm & Xavier Vives, 2006. "Chapter 2: Global Imbalances," EEAG Report on the European Economy, CESifo, vol. 0, pages 50-67, March.
    11. Luigi Bonatti & Andrea Fracasso, 2009. "The evolution of the Sino-American Co-dependency: modelling a regime switch in a growth setting," Department of Economics Working Papers 0905, Department of Economics, University of Trento, Italia.
    12. Olivier Blanchard & Francesco Giavazzi & Filipa Sa, 2005. "International Investors, the U.S. Current Account, and the Dollar," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 36(1), pages 1-66.
    13. Andrea Ferrero & Mark Gertler & Lars E. O. Svensson, 2007. "Current Account Dynamics and Monetary Policy," NBER Chapters, in: International Dimensions of Monetary Policy, pages 199-244, National Bureau of Economic Research, Inc.
    14. Papaioannou, Elias & Portes, Richard & Siourounis, Gregorios, 2006. "Optimal currency shares in international reserves: The impact of the euro and the prospects for the dollar," Journal of the Japanese and International Economies, Elsevier, vol. 20(4), pages 508-547, December.
    15. Benigno, Pierpaolo & Romei, Federica, 2014. "Debt deleveraging and the exchange rate," Journal of International Economics, Elsevier, vol. 93(1), pages 1-16.
    16. Lane, Philip R. & Milesi-Ferretti, Gian Maria, 2012. "External adjustment and the global crisis," Journal of International Economics, Elsevier, vol. 88(2), pages 252-265.
    17. Fulong Wu, 2007. "The Poverty of Transition: From Industrial District to Poor Neighbourhood in the City of Nanjing, China," Urban Studies, Urban Studies Journal Limited, vol. 44(13), pages 2673-2694, December.
    18. Shin-ichi Fukuda & Yoshifumi Kon, 2012. "Macroeconomic Impacts of Foreign Exchange Reserve Accumulation: Theory and International Evidence," Chapters, in: Masahiro Kawai & Peter J. Morgan & Shinji Takagi (ed.), Monetary and Currency Policy Management in Asia, chapter 5, Edward Elgar Publishing.
    19. Dong, Wei, 2012. "The role of expenditure switching in the global imbalance adjustment," Journal of International Economics, Elsevier, vol. 86(2), pages 237-251.
    20. Farhat Yusuf & Gordon Brooks, 2010. "Demographics and Consumption Patterns in Urban China," Population Research and Policy Review, Springer;Southern Demographic Association (SDA), vol. 29(1), pages 5-17, February.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bla:popdev:v:31:y:2005:i:4:p:605-643. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Wiley Content Delivery (email available below). General contact details of provider: http://www.blackwellpublishing.com/journal.asp?ref=0098-7921 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.