BRICS Business Magazine English Edition No.3(7)

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Moore’s Law states that the number of transistors on integrated circuits doubles every 24 months. And while Gordon Moore, one of the founders of Intel, said the rule would cease to operate due to strictly physical limitations regarding the speed of light and molecular structure, he correctly forecasted the exponential growth of computer processing speeds. Unfortunately, the progress inherent to microelectronics does not hold in other industries, yet some scientists find it applicable in the theory of evolution. They are calculating the growth of organism complexity, finding that organisms emerged long before the advent of the solar system.

Regardless, technological progress is one of the most obvious phenomena, which nearly everyone can verify based on their own experiences. We are unable to predict exactly where technology will bring us, yet, barring any catastrophic scenarios, it is inevitable it will continue developing. This is a boon for thinking about the future in a more concrete way. It is interesting to think that in 300 to 400 years, the world could be as different from today as ours is from the Middle Ages.

In this picture, man himself proves to be somewhat technological. We see that technology far outpaces moral progress. People still harbor animosity for each other, remain wary of each other, and avoid trying to understand each other. And a slight relaxation of mores, caused by long-standing prosperity, easily translates into war and crisis. I think the magnitude of this challenge has yet to be grasped. Self-improvement, however trifling it may sound is just as essential for humanity today as quantum mathematics and human spaceflight. This work is just as inevitable as development.

 

Ruben Vardanyan

Chairman of the Editorial Board

of BRICS Business Magazine

Authors & Experts

Andrei Degtyarev
Andrei Degtyarev

Chairman of the Board at Absolut Bank

Mohamed A. El-Erian
Mohamed A. El-Erian

Chief Economic Adviser at Allianz and a member of its International Executive Committee, Chairman of President Barack Obama’s Global Development Council, previously served as CEO and co-Chief Investment Officer of PIMCO

Dennis J. Snower
Dennis J. Snower

President of the Kiel Institute for the World Economy and Professor of Economics at the Christian-Albrechts— Universität zu Kiel

Joe Watt
Joe Watt

Chairman of the Management Committee and Managing Partner, EY, CIS

Vladimir Korovkin
Vladimir Korovkin

Head of the Digital Technologies at the SKOLKOVO Institute for Emerging Market Studies

Anatoly Chubais
Anatoly Chubais

Chairman of the Executive Board, RUSNANO Corporation

Oleg Sienko
Oleg Sienko

CEO of JSC Scientific Production Corporation UralVagonZavod

Xavier Trias
Xavier Trias

Mayor of Barcelona

Fulvia Montresor
Fulvia Montresor

Director and Head of Technology Pioneers for the World Economic Forum

Boyd Cohen
Boyd Cohen

Climate and urban strategist and the author of annual ‘smart city’ rankings

Gleb Davidyuk
Gleb Davidyuk

Managing Partner, PhD, iTechCapital Venture Fund

Kishore Mahbubani
Kishore Mahbubani

Dean of the Lee Kuan Yew School of Public Policy at the National University of Singapore, author of The Great Convergence: Asia, the West, and the Logic of One World

Evgeniy Nadorshin
Evgeniy Nadorshin

Chief Economist at Sistema Joint Stock Financial Corporation

Vitaly Fridlyand
Vitaly Fridlyand

Director General of Fujitsu Russia and CIS and Vice President of Fujitsu

Andrew Sheng
Andrew Sheng

Distinguished Fellow of the Fung Global Institute and a member of the UNEP Advisory Council on Sustainable Finance, former chairman of the Hong Kong Securities and Futures Commission, adjunct professor at Tsinghua University in Beijing, and the author of From Asian to Global Financial Crisis

Sanjeev Sanyal
Sanjeev Sanyal

Deutsche Bank’s Global Strategist, and a World Economic Forum Young Global Leader; author of The Indian Renaissance: India’s Rise After a Thousand Years of Decline

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