Seizing the X-events. – The sixth K-wave and the shocks that may upend it.
: The sixth K-wave and the shocks that may upend it.
: Wilenius M, Casti J
Publisher: ELSEVIER SCIENCE INC
: New York
: 2015
: Technological Forecasting and Social Change
: TECHNOLOGICAL FORECASTING AND SOCIAL CHANGE
: TECHNOL FORECAST SOC
: 94
: 335
: 349
: 15
: 0040-1625
DOI: https://doi.org/10.1016/j.techfore.2014.12.003
The article addresses the long-term patterns of societal change. In particular, it considers how certain high-impact, surprising events ("X-events") can change existing trends and thus give rise to a future that does not follow the "business-as-usual" default trend-following scenario. We look at the case of Kondratieff waves ("K-waves"), those socio-economic cycles by which dynamical societal patterns are often detected in futures studies. We postulate four hypothetical X-events and how they might fundamentally change the existing trend and thus take us to a very different kind of future. Finally, we recommend a set of principles through which organisations and countries can follow to deal with X-events should they occur. (C) 2014 Published by Elsevier Inc.