NEWS FROM THE FUTURE: Self-sufficient America retreats

The global trade of goods continues to be disrupted. Picture: 123RF/DRAGANCHEOver the past decade we have witnessed a fundamental change in the world economic order, particularly when we consider trade between the US and the rest of the world. Developed markets such as Japan and Italy are approaching peak consumption, with stable or declining populations, while China still manufactures more goods than its domestic economy can absorb.

In the past decade, US technology innovation has blossomed on many fronts, including space travel, microchip fabrication and synthetic food production. Together with advances in artificial intelligence and smart infrastructure — the internet of everything — and a growing, educated workforce, the domestic economy is roaring along. The almighty dollar is as strong as ever.

For the past 20 years, innovation has been driven by tech and scaled by globalisation. “Designed in Silicon Valley and mass-produced in China” was the mantra for success. One only has to look at the exponential growth of the iPhone for proof that the strategy worked.

Africa can do better, even.

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