BRICS Business Magazine English Edition No.3(7)
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.
Chairman of the Editorial Board
of BRICS Business Magazine
By now, it has become obvious that the International Monetary Fund and the World Bank are not entirely up to the tasks assigned to them some 70 years ago. If no immediate action is taken to reform these organizations, the world will be looking at exceedingly bleak economic prospects.Opinion
The 18th century German military strategist Carl von Clausewitz defined war as the continuation of politics by different means, and, like the ancient Chinese strategist Sun Tzu, believed that securing peace meant preparing for violent conflict. As the world becomes increasingly tumultuous – apparent in the revival of military struggle in Ukraine, continued chaos in the Middle East, and rising tensions in East Asia – such thinking could not be more relevant.Opinion
The world seems to be on the verge of another ‘great transformation,’ with changes that will be far more profound than Asia’s news-grabbing economic rise or the geopolitical fires in the Middle East. The coming changes will fundamentally redefine the nature of our economic interactions – and their underlying social dynamics.Opinion
While politicians on both sides of the Russia-Ukraine conflict continue to keep business communities in a state of suspense, the financial sector is bracing itself for impact. Until now, Europe has been the primary source of long-term investment and a genuine development partner. Finding new long-term investors would be a task that the state and the business community will not be able to accomplish quickly.Opinion
The global economy is going through a period of radical change that may alter the rules of the game. Not surprisingly, financial institutions will always be influential stakeholders in these transformations. Andrei Degtyarev, Chairman of the Board at Absolut Bank, talks to BRICS Business Magazine about how the roles of banks have changed over the last few months and what important developments are taking place in Russia today.Opinion
Anatoly Chubais has formerly been Deputy Prime Minister of Russia, Minister of Finance, and CEO of Russia’s RAO UES. Today, he is one of the country’s most renowned economists and politicians, dealing with projects ranging from innovative medicine and microelectronics to metallurgy and new materials. To sum up, he is in charge of RUSNANO – a company that is paving the way for technological achievements that will change the world as we know it in the years ahead.Technology
Coming up with goods or services that nobody else on the market can offer is what makes a breakthrough technology and determines the future. But is this sort of future meant for the BRICS countries? Vladimir Korovkin, author of the BRICS Innovations Stars report, is confident that it does, and to prove his point, he cites examples of the most accomplished companies in the BRICS countries. They are all privately owned, successful on the global and domestic markets, and promote innovation.Technology
Structural problems and Western sanctions have put the Russian economy in a tough spot. Russia must continue integrating with the BRICS countries – particularly by creating a common financial system and a single currency – to avoid stagnation, guarantee access to critical technologies, and ultimately become one of the world’s technological powerhouses. Oleg Sienko, Director General of UralVagonZavod Research and Production Corporation, discusses this topic in an interview with BRICS Business Magazine.Technology
It is difficult to predict what will happen in the world in the next year and a half and how the geopolitical balance of power could change. The one thing we know for certain is that the digital economy will continue to grow. After all, it knows no political or geographic barriers, or so believe Russian investors.Technology
Many emerging markets are betting heavily on advancing their aircraft-building and airline industries in an attempt to diversify their economies. The countries that have been successful are becoming powerful players in a domain that has traditionally been dominated by the West. BRICS Business Magazine presents 15 airline industry heroes from the developing world that will determine whether these gambles ultimately pay off.Air
An airport is almost a city in itself, with its own architecture and atmosphere, shops and restaurants, medical centers, and hotels. Passengers with long layovers can practically live in them. Skytrax, a leading reviewer of airline services, surveyed travelers from more than 160 countries and came up with its own list of the top 100 airports worldwide. BRICS Business Magazine picked fifteen of the most impressive airports from emerging economies to highlight here.Air
India and China — the two perennial rivals vying for leadership in Asia, and perhaps the world – have always been jealous of each other’s successes. Today, the rivalry between the two ambitious Asian superpowers has moved into space, where New Delhi and Beijing have no intention of giving each other any ground.Space
Futurologists predict that space flight will become as common in the 21st century as air travel was in the 1920s and 1930s, which is why spaceports are being built across the planet at an accelerated pace. The first of these launch centers were constructed in the 1950s; now there are nearly thirty of them around the world, though not all of them are operational. Among these ‘gateways to space,’ the BRICS countries have many they can call their own.Space
In recent years, Barcelona has scored higher and higher in ‘smart city’ rankings due to its innovative solutions in solar energy, electric vehicle adoption, and bold experiments in public-private collaboration. The mayor of Barcelona, Xavier Trias, tells BRICS Business Magazine what these changes are all about.Urbanism
Modern airport efficiency is one of the issues that Google co-founder Larry Page plans to tackle in his quest to build a perfect world. Apart from the obvious question of how it will be done, another one remains: is it effective to invest billions of dollars into upgrading and building new airport facilities?