Now for the Long Term the Report of the Oxford Martin Commission for Future Generations

Now for the Long Term The Report of the Oxford Martin Commission for Future Generations 1 Now for the Long Term The Report of the Oxford Martin Commission for Future Generations October 2013 Members of the Commission: Chair: Pascal Lamy, former Director-General, Luiz Felipe Lampreia, former Minister of Peter Piot (Baron Piot), Director, London World Trade Organization Foreign Affairs, Brazil School of Hygiene and Tropical Medicine; former Executive Director, UNAIDS Michelle Bachelet, former President of Chile; Liu He, Minister, Office of the Central Leading former Executive Director, UN Women Group on Financial and Economic Affairs, Martin Rees (Lord Rees of Ludlow), former People’s Republic of China President, The Royal Society; Fellow of Trinity Lionel Barber, Editor, The Financial Times College, University of Cambridge Kishore Mahbubani, Dean and Professor in the Roland Berger, Chairman, Roland Berger Practice of Public Policy, Lee Kuan Yew School Amartya Sen, Nobel Laureate and Thomas W. Strategy Consultants of Public Policy, National University of Singapore Lamont University Professor, and Professor of Economics and Philosophy, Harvard University Ian Goldin, Director, Oxford Martin School; Trevor Manuel, Minister and Chair of the Professor of Globalisation and Development, National Planning Commission, South Africa Nicholas Stern (Lord Stern of Brentford), University of Oxford (Vice-Chair) President, The British Academy; IG Patel Professor Julia Marton-Lefèvre, Director-General, of Economics, London School of Economics Arianna Huffington, President and Editor-in- International Union for Conservation of Chief, Huffington Post Media Group Nature (IUCN) Jean-Claude Trichet, former President, European Central Bank Mo Ibrahim, Chair of the Board, Nandan Nilekani, Chairman, Unique Identification Mo Ibrahim Foundation Authority of India; former CEO, Infosys Chris Patten (Lord Patten of Barnes), Chancellor, University of Oxford; Chairman, BBC Trust The Commissioners are acting in their personal capacity. They were selected because of their breadth and depth of expertise, their geographical reach, and their extensive leadership experience gathered over many years in large organisations, multilateral negotiations and complex national and global institutions. This report represents the collective views of the Commission, and does not necessarily represent the individual opinions of any single Commissioner or the organisations to which they are affiliated. The Oxford Martin School Commission Secretariat was led by Natalie Day (Head of Policy), with Anushya Devendra (Communications and Policy Officer) and Dr Travers McLeod (Policy Adviser). This report was published by the Oxford Martin School. Executive Summary As the world slowly emerges from the Part A, Possible Futures, identifies a number In Part B, Responsible Futures, the Commission devastating Financial Crisis, it is time to reflect of interacting megatrends, grouped under examines historical drivers of transformative on the lessons of this turbulent period and seven headings: demographics (large, ageing change, such as the existence of crisis, shared think afresh about how to prevent future populations); mobility (urbanisation and a interests, leadership, inclusion, institutions and crises. The Oxford Martin Commission for growing middle class); society (inequality and networks, partnerships, as well as goals and Future Generations focuses on the increasing unemployment); geopolitics (power transitions); prizes. From campaigns to protect the ozone short-termism of modern politics and our sustainability (resource insecurity); health layer and reduce tobacco use, to the European collective inability to break the gridlock which (shifting burdens of disease); and technology Single Market and the Millennium Development undermines attempts to address the biggest (information and communications revolution). Goals, there are many examples of where challenges that will shape our future. In Now These megatrends apply the world over, disparate groups have come together and made for the Long Term, we urge decision-makers reinforcing old and generating new sets of significant progress. At the other end of the to overcome their pressing daily preoccupations challenges. results spectrum, the Commission considers to tackle problems that will determine the less successful characteristics of modern lives of today’s and tomorrow’s generations. The Commission then considers five categories politics, including the tragedy of the commons, Dr James Martin, the founder of the Oxford of challenges that arise from these megatrends a lack of intergenerational vision and awareness, Martin School, highlighted that humanity is at that are likely to shape our future: the absence of global oversight, and vested a crossroads. This could be our best century 1. Society: How can growth and development interests. Following these insights, Part B sets ever, or our worst. The outcome will depend be made more sustainable and inclusive? out fiveshaping factors that make positive on our ability to understand and harness the 2. Resources: How can food, energy, water and change so difficult: extraordinary opportunities as well as manage biodiversity be made more secure? the unprecedented uncertainties and risks. 3. Health: How can public health infrastructure 1. Institutions: Too many have struggled to and processes respond to the needs of all? adapt to today’s hyper-connected world. Our report identifies what these challenges 4. Geopolitics: How can power transitions be 2. Time: Short-termism directs political are, explains how progress can be made, and the basis for fresh forms of collaboration? and business cycles, despite compelling provides practical recommendations. The 5. Governance: How can businesses, exceptions. Commission outlines an agenda for the long institutions and governments contribute to 3. Political Engagement and Public Trust: term. Our case for action is built in three parts. more inclusive and sustainable growth? Politics has not adapted to new methods or The first,Possible Futures, identifies the key members. drivers of change and considers how we may Part A also highlights what is known about 4. Growing Complexity: Problems can escalate address the challenges that will dominate this possible responses to these challenges. much more rapidly than they can be solved. century. Next, in Responsible Futures, the New targets on growth and employment, 5. Cultural Biases: Globalisation can amplify Commission draws inspiration from previous and a focus on youth workers and flexible cultural differences and exclude key voices. examples of where impediments to action workplaces are presented. The importance have been overcome, and lessons from where of resource transparency and information progress has been stalled. We then consider the sharing is reiterated, as are measures to characteristics of our current national and global counteract climate change. Goals to reduce society that frustrate progress. The final part, non-communicable diseases (NCDs), Practical Futures, sets out the principles for remedy deficiencies in public health systems, action and offers illustrative recommendations implement agreed best practice, and partner which show how we can build a sustainable, creatively with the pharmaceutical industry inclusive and resilient future for all. are stressed. Countries are advised to identify shared interests, update institutions and develop cybersecurity capacity as they navigate structural transitions in international politics. Better governance will aid this quest, particularly if technology is used creatively, indicators are improved, and business is rewired to invest for the long term. 6 Part C, Practical Futures, contains the 3. Revalue the Future: Existing institutional Commission’s Agenda for the Long Term. incentives should be rebalanced to reduce It is arranged around five principles, with bias against future generations. This can be practical examples proposed to illustrate each done in four ways: principle. Some build on possible responses • Focus Business on the Long Term: ensure to the challenges identified in Part A. Others companies and financial systems give greater respond to the shaping factors outlined in priority to long term “health” and look Part B, and seek to address deeper political and beyond daily or quarterly reporting cycles. cultural factors that obstruct a longer-term • Discounting: future generations should not engagement. We provide indicative examples be discounted against simply because they of principles and proposals that advance the are born tomorrow and not today. interests of future generations and promote • Invest in People: remove perverse subsidies resilience, inclusiveness and sustainability. The on hydrocarbons and agriculture, and redirect Agenda is as follows: support to the poor. • Measure Long-term Impact: create an index 1. Creative Coalitions: Responding to this to track the effectiveness of countries, century’s challenges will require multi- companies and international institutions on stakeholder partnerships. The Commission longer term issues. suggests three: • C20-C30-C40: a Coalition of the Working 4. Invest in Younger Generations: Greater comprising countries, companies and cities to attention should be given to promoting a counteract climate change. more inclusive and empowered society, • CyberEx: a new early warning platform to particularly for younger generations. Two promote a better understanding of common priorities should be:

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