A granular look at human progress
January 17, 2023 Davos
The World Economic Forum’s annual meeting—is in full swing through January 20. All this week, our daily charts will focus on some of the key themes of the event, including resilience, sustainability, reimagining globalisation, inclusion, and space. For more, see “McKinsey and the World Economic Forum 2023.”
Measuring human progress requires an up-close approach. The McKinsey Global Institute (MGI) portioned the world into 40,000 microregions to assess the development of human health and economic prosperity over the past two decades. Chair of insights and ecosystems and chair of MGI Sven Smit and co-authors found notable gains in life expectancy and GDP per capita in large swaths of the globe, though some parts of sub-Saharan Africa experienced declines in economic prosperity.
To read the article, see “Pixels of progress: A granular look at human development around the world,” December 7, 2022.
More than lunch money
January 23, 2023
The Elementary and Secondary School Emergency Relief Fund allocates USD 190 billion for K–12 schools in the United States—but the funds have an expiration date of 2024. Education districts have left USD 130 billion on the table so far, McKinsey partner Jake Bryant and co-authors found, due to challenges with navigating the compliance standards and a talent shortage that is leaving positions unfilled.
To read the article, see “Halftime for the K–12 stimulus: How are districts faring?,” November 2, 2022.
Inclusion in action
January 20, 2023 Davos
The World Economic Forum’s annual meeting—is in full swing through January 20. All this week, our daily charts will focus on some of the key themes of the event, including resilience, sustainability, reimagining globalisation, inclusion, and space. For more, see “McKinsey and the World Economic Forum 2023.”
Companies make strides toward gender equality when they offer specific and actionable policies along with equitable benefits, McKinsey’s Women in the Workplace report with LeanIn.Org shows. Senior partners Alexis Krivkovich and Lareina Yee and coauthors found that organizations offering practices such as personal leave for mental healthcare and management-training programmes aimed at diversity issues had higher levels of representation of women and women of colour.
To read the report, see “Women in the Workplace 2022,” October 18, 2022.
A giant leap for the space industry
January 19, 2023 Davos
The World Economic Forum’s annual meeting—is in full swing through January 20. All this week, our daily charts will focus on some of the key themes of the event, including resilience, sustainability, reimagining globalisation, inclusion, and space. For more, see “McKinsey and the World Economic Forum 2023.”
The space industry is set to take off over the next decade, find senior partner Ryan Brukardt, partner Jesse Klempner, and collaborators at the World Economic Forum. The space market, for example, has grown to approximately USD 447 billion—up from USD 280 billion in 2010—and could grow to USD 1 trillion by 2030. The number of active satellites—which can handle tasks ranging from tracking data on climate change to processing credit card transactions—could triple within the next decade.
To read the report, see “The role of space in driving sustainability, security, and development on Earth,” May 19, 2022.
Different paths, but a common goal
January 18, 2023 Davos
The World Economic Forum’s annual meeting—is in full swing through January 20. All this week, our daily charts will focus on some of the key themes of the event, including resilience, sustainability, reimagining globalisation, inclusion, and space. For more, see “McKinsey and the World Economic Forum 2023.”
To get the energy transition on track—and fend off the worst effects of climate change—renewables need to scale up globally. Annual solar and wind installed capacity will need to nearly triple, from approximately 180 gigawatts (GW) of average yearly installed capacity in 2016–21 to more than 520 GW by 2030, according to senior partners Daniel Pacthod, Hamid Samandari, and Humayun Tai and co-authors. Different accelerations are needed across global regions.
To read the report, see “The energy transition: A region-by-region agenda for near-term action,” December 15, 2022.