BRICS Business Magazine English Edition No.4(12)
The famous expression that ‘people are the main asset’ will inevitably become imbued with actual substance. What does this mean? First of all, that this main asset will begin influencing everything around us, for example, interfering with what it doesn’t like, from the environment to norms and managerial models. And it will be impossible not to reckon with this. Private initiative will acquire a completely different scope and form. We see the prototypes of this today in what is called philanthropy and social entrepreneurship. Yet the scale and difficulty of such work will grow many-fold, which will transform societies, cities, and countries. This cannot be interfered with.
People will want to see how they are impacting the environment and social, administrative, and business processes and relationships. It will be important for them to keep track of changes in quality of life. However, I am certain that the 21st century will also be headlined by the deliberate participation of people in ultra-long-term initiatives, ones that provide no quick results. True, if you engage with the problem of inequality or are pulling an entire country out from poverty, then there is no other way. In many senses, this positive vector is more important than all civilizational conflicts. Yes, an abundance of unfavorable scenarios exist, each one of which could materialize, although we should not build our lives based only on them. In reality, awaiting us – this is long-term work – is a switch to other categories; we will have to learn to think of ourselves as human civilization. Of course, it is very difficult to measure one’s own existence in terms of the world and be guided in everyday life by planetary interests, although global questions will sooner or later require us to form global answers.
Resetting the educational system to produce creative social entrepreneurs who are able to convert technology into new opportunities for society will require reshaping the whole educational process. This should include embedding scientific research into universities, teaching students how to learn, encouraging them to take risks, and introducing innovative components in education as soon as possible.Opinion
The threat of drastic climate change is rapidly requiring mankind to adapt its economic development to the Third Industrial Revolution paradigm. This is more than a means of promoting new green growth in a global economy that is running out of steam; it is potentially the last chance of survival for most species living on the planet. Jeremy Rifkin, a renowned futurologist and creator of the Third Industrial Revolution concept, introduced this pivot point in human history and rolled out his plan for the planet at Moscow’s Open Innovations Forum 2015.Energy
The age of hydrocarbon energy is inevitably nearing its end. The future of humanity lies with solar energy, which does not have a genuine alternative. For Russia, this presents a special challenge. Such is the view of Nobel Prize in Physics winner Zhores Alferov, which he shared with the audience at the International Forum on Energy Efficiency and Energy Saving ENES 2015 in Moscow.Energy
Having exhausted the development opportunities offered by old economic models, the world is struggling to find new opportunities to move forward. What will the economy of the future look like and what do the BRICS countries need to do to avoid becoming marginalized in the new world emerging in front of our very eyes? BRICS Business Magazine discussed these questions with Vladimir Mau, one of the most renowned Russian economists, President and Chairman of the Academic Board at the Russian Presidential Academy of National Economy and Public Administration (RANEPA).Strategy
The private sector is expected to play a proactive role in helping to achieve the UN’s Sustainable Development Goals by 2030. This will significantly affect the business environment in international markets. As well as imposing additional requirements of businesses, it also offers new long-term opportunities for sustainable growth. The most far-sighted companies can seize a leading role in formulating future development agenda by creating competitive business advantages.Strategy
An international expat survey with more than 14,000 respondents by global network and information site InterNations reveals that the five BRICS countries perform badly with regard to living and working abroad. Only China stands out — but in a changing economic climate, it might not be able to maintain this positive reputation.Trends
The model of a multipolar world promoted by the BRICS countries has met increasingly strong opposition from supporters of the idea of world governance from a single center, primarily the United States. This situation makes it vitally important for the ‘group of five’ to build mechanisms that align their interests, not allowing themselves to be pulled apart into corners.Trends
By renouncing the outdated one-child policy, Chinese authorities expect to remedy the social and demographic imbalances it created, which accumulated over nearly four decades, as well as spur economic growth while promoting comprehensive structural change. However, betting on demographics alone is unlikely to be enough to solve these problems.Trends
The economy is evolving fast, and those business schools that are unable to adapt to these rapid changes and move away from the paradigm of extensive growth and technological revolution face being wiped out. Players in the emerging markets will have to be even more inventive and follow new trends closely.Education
India has long been known as a global call center, primarily, for the English-speaking world. Today, the country’s business process outsourcing industry supplies small and large businesses across the globe with not only customer care agents but comprehensive infrastructure and manpower to deal with most challenging business tasks, from sales and marketing to project management and financial audit. As much as the Indian BPO industry has altered the way global business operates, it has affected India’s own socioeconomic realities, exposing the good, the bad, and the ugly outcomes of changes brought by the industry’s rapid growth.Business
Russia’s notoriously volatile actuality doesn’t put International Paper on alert. The US paper-maker is neither going to leave nor curb its investment in development at the local market. President of IP Russia Ksenia Sosnina speaks of why this is the case and what the company is up to in an interview with BRICS Business Magazine.Business
The first Forum for Small Businesses from regions of SCO and BRICS member-states took place in Ufa in October 2015. Azat Fazlyev, the Acting President of Bashkortostan’s Chamber of Industry and Commerce, has summed up some of the key proposals put forward by participants during the discussions.Forums