Global transformation vital

The World Industrial Design Conference in Yantai in eastern China's Shandong Province in November 2020. China is making rapid progress in STEM subjects to provide a solid base for its long-term economic, scientific and technological progress. — Chinatopix via AP

THE world is undergoing a transformation of historic proportions.

Two main drivers of this are the growing US-China rivalry and the scientific and technological revolution worldwide especially in the US, China, Western Europe and other developed countries.

Both developments will have far-reaching implications for global politics, security and economy. Countries, which understand the fundamental forces driving the world and take steps to safeguard their national interests, will forge ahead of others who fail to understand the implications of the changes shaping the globe.