Yasuchika Hasegawa, Chairman of the Association of Corporate Executives, and President of Takeda Pharmaceutical Company Limited
The world is in the midst of great change.
The driving force of economic growth has shifted significantly from the developed countries of Japan, the United States and Europe to the emerging countries, especially the so called BRICs: Brazil, Russia, India and China. While only representing 40% of the global economies, these emerging countries are expected to account for 70% of all economic growth in the immediate future.
One major problem associated with this rapid change is the population explosion. In 1950 the world’s population, which was 2.5 billion people, reached 7 billion people in October 2011. By 2050 it is predicted to further increase to 9 billion. Growth in the world population causes various problems. To begin with, there is the problem of global warming, followed by rising shortage of fossil fuels, food, water, and then the increase in air pollution.
From the view of Japan, even 20 years after the collapse of the asset bubble, the country has still not escaped deflation, and economy still is experiencing GDP decline. In addition, the acceleration of an aging population in Japan further adds to decline in economic growth. Japan faces drastic population decline and by 2055 will be a population of less than 90 million people, which is a degree of decline not experience by any other country.
It is becoming increasingly difficult to predict the future in this age of rapid change. The role of leaders during such times of change is very important. It is my great hope that through the meetings promoted by the Society of Global Business that I would be able to contribute to the development of Japan’s global business professionals.