Forecasting the Future: Accelerating Countries’ Development and the World’s Sustainable Development

Abstract

The process of making predictions of the future based on previous data and trends plays a significant role in improving performance and sustaining competitiveness. Understanding why a certain result occurred enables us to create a future outlook that serves as the foundation for building current plans. In this regard, many institutions are now actively pursuing innovativeness, effectiveness, and efficiency to develop value-added products and service outcomes.Performance improvement is an indicator of the progress of established plans. For example, a country’s progress is measured by the Human Development Index (HDI) and Global Competitiveness Index (GCI) indicators. Three-dimensional HDI covers health, education, and economy, whereas GCI describes the progress of a country in its efforts to achieve prosperity, which includes the fulfillment of basic needs and achieving efficiency and business innovation. A country is expected to mobilize the potential of its existing resources to achieve a high HDI and GCI.