"Every country needs a Minister of the Future" declared Marc R. Benioff, Chairman and CEO of Salesforce, at the World Economic Forum 2016 Annual Meeting in Davos, Switzerland.
“As a society, we are entering uncharted territory," Benioff continues, "a new world in which governments, business leaders, the scientific community and citizens need to work together to define the paths that direct these technologies at improving the human condition and minimising the risks.”
Indeed, not only every country needs a minister of the future, but every company needs a Chief Future Officer. (And since quite soon the job of the Chief Financial Officer will be replaced by AI, there is no risk of doubling up the CFO acronym).
How to train for the job? Ask big questions.
If the job of the (current) CFO can be compared to taking and examining a picture of the financial state of a company, then the future officer's task could be likened to gazing into a crystal ball.
Who controls global economy? Who guides it? Who protects it? How the interconnectedness of today's world impacts me?
These are big questions that are best addressed by philosophy. But in 2010, Stephen Hawking and Leonard Mlodinow declared that philosophy is dead. It has not kept up with the latest developments in science, and in physics in particular. (See #1 Hawking & Mlodinov, "The Grand Design". p. 5)
Predicting future state of the global economy
On Saturday, April 2, 2016, at the New York University in Midtown Manhattan, we will try to negate the above statement by Hawking & Mlodinow. In a very open but structured discussion, we will apply some concepts of quantum mechanics and use its logic to analyze the possible future states of the global economy.
Do not shy away; you don't need to know quantum mechanics. We will use quantum based logic - as opposed to classical, linear, Boolean logic - as it provides a more flexible tool to enable a structured and efficient discussion about the future state of the multidimensional global economy.
To do so, we will analyze a back-of-the-napkin theorem based on quantum logic:
The future state of the global economy is an uncertain function of actions and interactions between private and public sectors, global institutions, and technology, considered within the context of given aspects and scale.
Class learning outcomes
By the end of the class you will be able to:
- explain the multidimensional nature of the global economy and demonstrate knowledge of the key players and their mandate, focus, and impact
- apply the knowledge and tools from the class in practice to follow the future national and global developments in the selected aspect (sustainability, society, finance, regulation)
- participate with impact in the policy work of your institution or in the national regulatory process, or global debates and consultation.
Who should attend?
The class is designed for finance, banking, and legal professionals, as well as graduate and PhD students who want to look at the global economy and its gatekeepers from a new, holistic perspective. Through interactive discussion, use of current case studies, and questioning of the common assumptions, the class will provide a space for critical thinking and illumination of new ideas. We will also have a guest speaker from the World Bank, who is the Global Lead for Corporate Governance and Financial Reporting. He will provide a unique perspective based on his work with the World Bank around the World.
How to register?
If you are interested in joining this one-day intensive debate, simply click here. If it gives you trouble, go to www.sps.nyu.edu and search for course FINA1-CE9021, Movers and Shakers in the Global Economy.