Foresighting – How ‘foresighting’ can help us shape the future to our advantage

Conventional forecasting is proving less useful in these times of rapid change. Today we must look for new ways to chart a course to the future. A new technique called ‘foresighting’ may prove an invaluable tool for the region’s maritime sector.

By Ibrahim Ajagunna and Fritz Pinnock

Experts have argued that we now live in an era of unprecedented technological change; and technology is one of the most fundamental drivers of social and economic development.

Each radical innovation, incremental improvement and new deployment of technology enables and spurs further phases of economic and technological change in a positive reciprocating dynamic way. This pace of change is now being further accelerated by the process of globalization; the progressive removal of barriers to international trade, as the effect of liberalization is to reduce costs, promotes greater specialization and efficiency, increases competition and thereby spurs innovation.

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