Europe's population is aging, with a projected decline in the working-age population and an increase in the elderly population. Immigration from neighboring regions may counterbalance this trend, but integration and social cohesion challenges persist. Energy constraints and environmental concerns are growing, with a reliance on fossil fuels and an increase in CO2 emissions. Economic globalization continues, with Asia, particularly China and India, leading global growth. Europe's industry remains vital, but the transition to a digital economy poses challenges. The EU's role on the global stage is challenged by internal divisions and the need for a cohesive foreign policy. Urbanization accelerates, with a rise in slums and urban poverty. Europe's research and innovation system is failing to keep pace with global competitors, leading to a fragmented European Research Area.
(Generated with the help of GPT-4)
| Quick Facts | |
|---|---|
| Report location: | source |
| Language: | English |
| Publisher: | European Commission |
| Time horizon: | 2050 |
| Geographic focus: | Europe, United States Of America, Japan, China, India, Brazil, Russian Federation, Latin America, Middle East And North Africa, Sub-saharan Africa, Rest Of Asia, Rest Of The World |
The research method used in the report combines qualitative and quantitative analyses, including scenario building, macro-variable modeling, and the use of growth and computable general equilibrium models.
(Generated with the help of GPT-4)
The 'Nobody cares' scenario depicts Europe muddling through without clear direction, resulting in low economic growth and innovation potential. The 'EU Under threat' scenario paints a bleak picture of economic decline and protectionism, with the EU facing disintegration and energy supply disruptions. The 'EU Renaissance' scenario describes a stronger, enlarged EU with efficient innovation systems and a doubling of GDP by 2050. These scenarios highlight the importance of forward-looking exercises to illuminate paths towards a better future.
(Generated with the help of GPT-4)
Categories: 2050 time horizon | 2050s time horizon | Brazil geographic scope | China geographic scope | English publication language | Europe geographic scope | India geographic scope | Japan geographic scope | Latin America geographic scope | Middle East And North Africa geographic scope | Rest Of Asia geographic scope | Rest Of The World geographic scope | Russian Federation geographic scope | Sub-saharan Africa geographic scope | United States Of America geographic scope | demographics | development | economy | energy | environment | eu governance | european economy | geopolitics | geopolitics (world power transition) | governance | research and innovation | social challenges | technology | territorial dynamics