Looking at the global economy through the lens of a balance sheet (a tool borrowed from the corporate world), the picture might seem golden. The world has never been wealthier, with net worth tripling over the past 20 years. However, two-thirds of net worth is stored in residential, corporate and government real estate as well as land. How did we get here? As we navigate an uncertain future, how can we ensure that this growing wealth is directed to the most productive and innovative investments – such as increasing and improving sustainability, affordable housing, and digital infrastructure – so that we can rebalance the economy and offer more opportunities to future generations?
This conversation with Jan Mischke, Partner and Research Leader on Europe at the McKinsey Global Institute (MGI) will set the tone for our yearly discussions around a new social contract for Europe.
#CriticalThinking Live is the latest expansion in our #CriticalThinking family, bringing influential voices from across a range of sectors to challenge, inspire and influence current thinking on the biggest issues facing Europe and the world.
Jan Mischke is a senior fellow at the McKinsey Global Institute (MGI), McKinsey’s business and economic research arm, where he leads its work on competitiveness in advanced economies, and is in charge of projects on manufacturing, infrastructure and trade. He is a frequent speaker on global trends, growth in Europe, and infrastructure, and is a member of the B20 taskforce on infrastructure.
Prior to joining Friends of Europe, Dharmendra Kanani was director of policy at the European Foundation Centre (EFC). He was the England director at the Big Lottery Fund, the largest independent funder in the UK and fourth largest in the world. Dharmendra has held senior positions in the public and voluntary sector and advisor to numerous ministerial policy initiatives across the UK.
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- Eye on the Geopolitical Ball
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- Peace, Security & Defence
- By Augusta Ramaccioni
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- Area of Expertise
- Climate, Energy & Sustainability