The consensus at this 9th annual conference of the Italian Talent Abroad group was that artificial intelligence and robotics are set to change many aspects of everyday life, ranging from transport to the environment, and from health to security. This was hailed as a game-changing process that is already underway and which risks rendering many existing economic, social, and political structures no longer fit for purpose.
On the occasion of the first conference organized in Washington, DC, by Aspen Institute Italia since the election of President Trump, we discussed the future of the Transatlantic relationship and its current challenges: these are tough times but strong Euro-American ties remain indispensable to European security. The various dimensions of the Transatlantic relationshsip have also been the object of the closed door hoc meetings held on June 6 (“For a new Transatlantic compact: values, interests, p
In taking stock of prevailing business conditions, the participants at this international conference characterized the global economic climate as one marked by a high level of volatility, with closer interconnections and shorter cycles than in the past. While the juggernaut of emerging markets has suffered somewhat of a slowdown, the United States has come out of the crisis that broke in 2008 in better shape than other advanced economies – particularly Europe, though it too has bounced back to near potential growth levels.
Kicking off discussions at this roundtable was the observation that big data – seen by some as akin to “oil” in the sense that, like the latter, it needs to be “refined” in order to be useful – lies at the heart of data-driven innovation, the new industrial revolution. Like any revolution, it has important ramifications, in terms of new services and market dynamics, on economies and societies throughout the world.
Kick-starting this Meeting for the Friends of Aspen group was the observation that an end to information asymmetries, the achievement of absolute net neutrality, the elimination of any intermediation, and the attainment of pure democracy were just some of the benefits that were to be delivered by the big data revolution. Today, however, there has been a shift from widespread techno-optimism to an outlook of doom and gloom, predicated on market concentration, political manipulation and control, and even regard of the development of the internet as a threat to democracies.
The Eastern Mediterranean region is undergoing a profound transformation as regards the energy sector, in the context of a changing energy landscape in terms of demand, supply and available technologies. The MENA region as a whole is fast becoming a major energy importer, just as the US has already become a major exporter – and possibly a “swing producer” directly affecting world energy prices. Inevitably, various geopolitical considerations come into play along the path to a new equilibrium.
The financial crisis, the economic crisis, a crisis in the traditional workings of democracy, “Europe in crisis”: these were the phenomena highlighted by participants at this Aspen Junior Fellows Meeting as currently unfolding against a general backdrop of economic woes that are fomenting populism and racism. The risk – it was stressed – is that respect for the rule of law will be undermined within the European Union, despite this being one of the founding principles of the EU.
Underpinning discussions at this National Interest debate was the premise that the life sciences sector will be strategic in driving the recovery in competitiveness of advanced economies and ensuring a future based on quality. It was noted, in this regard, that recent findings highlight that, at a global level, the sector is experiencing a marked period of prosperity, with the pipeline of research having reached record levels, propelled in part by innovations linked to the spread of genomics and precision medicine.
It is already possible to live to the age of 120, and in the future this will remain true. The new scenario – ushered in by major scientific advances and by the growing progress in personalized medicine – is also going to introduce the problems of preserving the quality of such a long life and ensuring that the economic and social system is capable of sustaining it.
The participants at this National Interest event highlighted that local public transport is a key factor for local development, both in terms of the opportunities for connection that it offers individuals, businesses, and institutions (including universities, for whom it is particularly crucial), and because it improves the livability of the urban environment thanks to the greater average sustainability provided in comparison to the alternative of private vehicle use.
Proceedings at this National Interest roundtable got underway with the observation that the energy profile of the planet is set to change over the next few decades, with rising population and improving standard of living trends leading to an increase in energy demand.
The focus of discussion at this year’s annual conference for the Aspen Junior Fellows was the political legacy of 2017, marked by the various outcomes of elections around Europe, the uncertain course of Brexit negotiations, the emergence of the new American administration’s policy stances, and the Catalan independence referendum.
The areas examined by the participants during this National Conference were twofold. On the one hand, the debate focused on the role of the banking system and how it is perceived by savers. It was suggested that banks deal in buying and selling trust, so safeguarding such trust is imperative. Nearly ten years on from the outbreak of the global crisis, such confidence has been severely dented. The media has helped fuel public hostility towards the banking world, as several polls demonstrate.
A report on “Digital disruption and transformation of Italian manufacturing”, which focuses particularly on the case of Piedmont within the context of Northern Italy, was presented at this International Conference as a catalyst for discussion on the topic of “digital disruption”, examining both the great opportunities as well the risks and social costs that this entails.
The presentation ceremony for the 2017 edition of the Aspen Institute Italia Award for scientific research and collaboration between Italy and the United States provided an opportunity to celebrate two of the Institute’s core values: that of promoting transatlantic relations and that of facilitating interdisciplinary debate.
Participants at this National Interest event noted that Big Data represents a great opportunity for the Italian system. In point of fact, the internet and digital technologies are radically changing the process of data collection, transfer, and storage, with far-reaching impacts on the business world and society in general. The pervasive spread of new technologies has ensured that a growing number of interconnected devices are simultaneously active, thereby generating increasing amounts of data.
