Climate crisis to AI: why firms and governments must change mindset | Mohamed El-Erian

As climate, privacy, globalisation and demographic developments accelerate, adjustments are needed

Firms and governments must increasingly internalise the possibility - indeed, I would argue, the overwhelming probability - of an acceleration of four secular developments that influence what business and political leaders do and how they do it. Decision-makers should think of these trends as waves, which, especially if they occur simultaneously, could feel like a tsunami for those who fail to adapt their thinking and practices in a timely manner.

The first and most important trend is climate change, which has evolved from a relatively distant concern, on which there is ample time to take remedial action, to an imminent and increasingly urgent threat.

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