Mohamed A. El-Erian: We must be ready for the brave new world

Climate change, technology, disruption of globalisation, and demographic shifts are heralding rapid change. Decision-makers must prepare, says Mohammed A El-Erian

GOVERNMENTS and firms must accept the likelihood of an acceleration of four secular developments that will influence what political and business leaders do and how they do it. If these trends occur simultaneously, they could overwhelm those who fail to adapt their thinking and practices in a timely manner.