Book review: listening to the approaching wave

Abstract

Abstract In his book, Markku Wilenius, Professor of Future Studies at the University of Turku, in Finland, applies the concept of the mega waves of change (of 40–60 years each), proposed by the Russian economist Nikolai Kondratiev. His central argument is that the world is presently experiencing a transition between an ending mega-wave (1970–2010), dominated by Information and Communication Technologies, and a starting one, following the deep financial crises of 2008–2009, and containing patterns discussed in the book. The list of patterns examined is impressive. It includes factors of several types shaping the future, such as major environmental problems; the need for a new economy; challenges for societies, e.g., by globalization and ageing; building participatory and trust-worthy political systems; and developing intelligent technological solutions, and creative educational institutions. Each pattern is thoroughly analysed, in a simple, easy-to-follow language, using examples, and supported by a rich literature. In the last chapter, the author offers a five-point action strategy as a navigation tool for crossing the new mega wave of change; his plan deserves to be discussed and followed by all key players and social actors.

Keywords

• Foresight
• Kondratiev waves
• Socio-Economic impact
• Book review