Global

Details

  • Industry: Government & Public Sector
  • Type: Press release
  • Date: 11/12/2013

Global megatrends demand new strategies and skills from governments, KPMG says 

Government needs to plan, think and act differently, in some cases drastically, if they are to be prepared for the global megatrends increasingly straining the world’s resources and economic capacity, according to Future State 2030, a global report released today by KPMG International.

The Future State 2030 report, developed in partnership with The Mowat Centre at the School of Public Policy and Governance at the University of Toronto, details nine megatrends facing governments at all levels around the world and assesses policy and strategic actions governments need to take beginning today to be successful in the future.

 

The megatrends encompass some of the world’s most critical challenges, including:

  • Resource scarcity, with a 50 percent increase in global food supply, and a 40 percent increase in water needed to meet demand in 2030;
  • A tidal wave of young people entering the labor force in developing economies, with growing strain of rapidly aging populations in most developed countries;
  • An expanding and more technology adept and connected middle class exerting greater demands on government in the face of rising public debt;
  • Economies becoming increasingly interconnected and interdependent.

 

“Understandably, governments have been focused on the short-term due to multiple factors, including the global financial crisis and its aftermath,” said Nick Chism, Global Head of Government & Infrastructure, KPMG International. “But we are now at a critical juncture for governments to take a longer view of accelerating social and environmental challenges. Without significant changes, the impact of these nine megatrends will far outstrip governments’ ability to meet the needs and demands of stakeholders in the next 20 years.”

 

The megatrends are highly interconnected but will not impact every part of the world in the same way. This means governments will need to undertake a variety of responses, and consider the implications both within their own jurisdictions and more broadly. The report presents KPMG’s strategic review of the policy, regulatory and program changes governments will need to consider, as well as the strategies, structures and skills required to effectively implement these needed changes.

 

“The impact of the megatrends is not limited by borders,” Chism said.  “As a result, governments cannot respond effectively in isolation and will need to increasingly work collaboratively to find effective solutions. New regulatory approaches will be required that recognize the interconnected nature of the risks as well as the rebalancing of global economic power and influence that will increasingly favor developing economies.”

 

To deliver effective programs in a rapidly changing operating environment, governments will need to take a hard look at their own skills and capabilities, including risk assessment and change management, stakeholder engagement, and evolving their international awareness, all with a longer-term planning horizon.

 

View the Future State 2030 report.

 


For more information, please contact:

Kent Miller, KPMG International

+1 201 307 8632

About the research

KPMG International engaged The Mowat Centre at the School of Public Policy and Governance, University of Toronto, to independently conduct the Future State 2030 research which identifies the megatrends projected to have significant impacts on governments around the world through to 2030. To identify and refine these trends and their impacts, The Mowat Centre used a wide variety of projections from respected academic and international sources, supported by a series of interviews with experts from different regions and sectors around the world. In response to these trends, KPMG has outlined implications and recommendations for governments.

About the Mowat Centre

The Mowat Centre is an independent public policy research centre located at the School of Public Policy & Governance at the University of Toronto. The Mowat Centre is a non-partisan, evidence-based voice on public policy. It undertakes collaborative applied policy research, proposes innovative research-driven recommendations, and engages in public dialogue on Canada’s most important national issues.

About KPMG

KPMG is a global network of professional firms providing Audit, Tax and Advisory services.  We operate in 156 countries and have 152,000 people working in member firms around the world.  The independent member firms of the KPMG network are affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity.  Each KPMG firm is a legally distinct and separate entity and describes itself as such.

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Future State 2030

Future State 2030
Future State 2030: A series that explores how governments must respond to the global megatrends driving change into 2030.

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