(MENAFN- Asia Times)
This article was originally published by Pacific Forum . It is republished with permission.
The UK recently published the seventh edition of
Global Strategic Trends
(GST7), an early milestone in the new government's
Strategic Defense Review. An initiative of the last labor government, GST provides geostrategic context to inform strategic reviews conducted every four to five years.
Over its 21 years, GST has also become used around the world, with several nations now participating in the program and many more collaborating with it.
Edition seven is the most comprehensive yet, covering all global regions and shared spaces (oceans, Arctic, Antarctic, space and cyberspace), as well as emerging trends in societies, economies, the environment, technology, conflict and security.
The new edition is also far more geostrategic than its predecessors, reflecting a world that has
changed significantly
since Labor last came to power in 1997. GST7 has been developed with this more dangerous and uncertain future in mind.
The growth of the global population has been a major driver of that change – set to reach 10 billion by 2055, a fourfold increase since World War II. This has already driven the emergence of new economic and military powers. Yet a historic moment is also approaching whereby Russia, many countries in East Asia and much of Europe will go into population decline while Africa, along with South and Southeast Asia, may continue to grow rapidly.
The balance of economic power could, therefore, change further as new countries capitalize on youth bubbles to expand productive and service capacities. Competition among developed nations to attract workers could also increase, although rising legal and illegal migration may also exacerbate existing social, economic and political pressures.
With global demand set to
increase, the geopolitics of energy could change profoundly. While hydrocarbons will remain a major source for the foreseeable future alongside nuclear energy, the
renewable transition
could change the landscape dramatically. While positive in terms of carbon emissions, this transition also brings new challenges.
These include an expansion of infrastructure in already congested and contested lands and seas; competition over renewable technologies and markets; and access to the critical minerals required to make these technologies, bringing new global regions into focus.
For example, 60% of the world's currently identified lithium deposits, an essential component for batteries, is under Latin America, while access to these resources is already impacting security in other regions.
While estimates vary regarding the extent to which innovations in 3-D printing and automation will drive an onshoring of manufacturing, most economists expect the majority of products to continue to be made as they are now – along extended value chains spanning the world.
MENAFN10102024000159011032ID1108765546
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.