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Horizon Scanning Centre
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As metropolitan roadways become more congested and growth of road capacity is curtailed by lack of suitable land and by NIMBYism, automated highway systems may be employed to increase capacity and safety.

The application of artificial intelligence to commerce may make trade and logistics more efficient.

Demographic changes from urbanisation, dropping fertility rates, and aging of the population may precipitate a re-examination of welfare economics.

Crisis and pragmatism could encourage more economists to account for ecological costs and to rethink the role of natural systems in understanding markets and growth.

Distributed and wireless technologies may precipitate innovative strategies for economic growth in poor countries enabling the rapid development of economic infrastructure.

Mobile phones have the potential to spur economic growth, especially entrepreneurial business, in the Developing World.

Advances in simulation tools and behavioural analysis may facilitate innovation in economic research methods.

New technologies for cooperation and a better understanding of cooperative strategies may create a new capacity for rapid, ad hoc, and distributed decision making.

The next wave of global trade will be driven by the off-shoring of services and information-processing tasks that can be delivered electronically.

A shift in R&D processes from “ivory tower” models to global networks of contractors and alliances could have a significant impact on the economics of innovation.



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