The Aftermath of an Economic Earthquake

Becoming successful is lot easier than staying successful. Large seismic activities change geographies. Similarly, economic earthquakes establish new rules, throw up new opportunities and redistribute power.

First the markets are clearly shifting east. The IMF forecasts that the main economies will shrink and the burden of keeping the world economy moving will fall on big emerging economies like India and China. For example, a century ago Europe demanded commodities and services, attracting the world’s attention and hence revving up off-shore economies and creating global wealth.

The second mega field is the shifting battle field for talent. The demand greatly surpasses the availability and that’s because our education system is greatly outmoded. Our universities teach a lot of theory, but hardly impart skills to manage real life challenges.

The third mega trend is the increasing stress on our environment.

The fourth mega trend is emergence of new industry structures.

The fifth mega trend is the ubiquitous access of information technology.

In these testing times it is but logical that only the fittest will survive. And those who look for hidden opportunities will not only survive, but thrive.

Dr. Jagdish N Seth, recession teaches us how to survive and pushes us to innovate. It compels people to become enterprising and create the current needed to push the economy out of the slush and stagnation.

Times of change always brim with opportunities. For those who can rise above the dismal outlook, identify the emerging opportunities and turn them around to their benefit, success is assured. All one needs is foresight, vision and a dream to map the future.