Sunday, April 1, 2018

Can strong foresight orientation make a nation successful?

Can strong foresight orientation make a nation successful? - Demos Helsinki

Can the Cayman Islands Benefit from Foresight Orientation? Redefining Our Economic Survival

Finland is a future-obsessed nation: it was the first country in the world to offer a masters degree in futures studies; it has a parliamentary committee dedicated to matters of the future; and the government is required by law to produce an official review of the future every parliamentary term (previous reports have focused on issues like climate change and an aging population).

The need for forecasting stems from Finland’s troubled past on the outskirts of Europe. Faced with economic shocks and a quickly changing geopolitical landscape, an understanding of the future has always been vital. Finland’s heavy investments in public education, R&D, infrastructure, and innovation are all indicative of the government’s strong commitment to the future.

This forecasting is partly what allowed Finland to rapidly develop from one of the poorest countries in Europe to one of the most successful ones in the world – all without great reserves of oil or minerals.

Demos Helsinki has previously documented the Finnish approach to future in the Finland Country Brand Report, <> a 20-year plan on how the existing strengths of Finland and Finns could be better used to solve wicked problems and benefit humanity. The report names expertise and creativity as Finland’s soft power and suggests fixes like exporting the famed Finnish education system abroad. Read More