Inotye Ogbebo
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- The Economist20 min
The World Ahead 2023: five stories to watch out for
Tom Standage, John Lubecki, Silvia Wardrobes, Inotye Ogbebo
India surpassed China to become the world's most populous nation in April 2023, presenting a potential demographic dividend that relies on resolving structural issues like low female labor participation and inadequate worker training. Simultaneously, the global medical and financial sectors face significant shifts as three psychedelic drugs advance toward regulatory approval for mental health conditions while the Bank of Japan's unconventional monetary policy creates risks for worldwide market stability. Major developments in 2023 also include the fashion industry's pivot toward circular economy practices to reduce textile waste and a surge in international efforts to repatriate colonial artifacts, such as the Benin bronzes and the Koh-i-Noor diamond.