Energy-efficient technologies are lowering overall demand for energy, reducing the cost of renewable energies, and raising efficiency of extraction techniques, according to McKinsey’s Beyond the Supercycle: How Technology is Reshaping Resources. McKinsey estimates the three trends could save the world economy $900B-$1.6T in 2035 (2/3 reduced demand; 1/3 productivity gains). They see the largest productivity […]
WEF’s Global Competitiveness Report (available here, no signup) is updated fro 2017. No major surprises as the winners continue to be Switzerland, Singapore and the U.S. But the report does highlight “declining openness” as a threat to growth and prosperity.