Knowing which trends are likely to shape the world in 2022 will put you in a better position to navigate the road ahead. Picture: GETTY IMAGES VIA INVESTECConsider, for instance, the pragmatically named Taiwan Semiconductor Manufacturing Company . It is no hyperbole to say that its atom-thin silicon chips power much of the world’s technology.
The Asian powerhouse will shake its collective head at the inability of US politicians to get things done, while the juggernaut of the West will chastise the unsustainable character of autocratic regimes that suppress individual freedoms. With lower vaccination rates and scarce health care, poorer countries may serve as hotbeds for mutations and new variants, even though they can ill afford it. That outcome wouldn’t be novel.
Perhaps the biggest threat to the transitory hypothesis is the legitimacy of the Great Resignation. If labour market shortages persist because people have left the workforce for good, then higher wages seem inevitable, with knock-on price effects across the board.
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