Thinking oriented towards the future – key to prosperity and sustainable development?

Abstract

Purpose

The aim of this paper is to discuss key factors of long-term (sustainable) development and prosperity. There are three basic guidelines that seek explanation: dependence theory, the influence of geographical and environmental factors and cultural determinism. But there are perhaps three other important factors for successful development: education, caring for public space and future oriented thinking.

Design/methodology/approach

Why are some nations poor and some are rich? The answer might lie somewhere else other than in the known theories of development. Or rather, maybe every development theory has some truth in itself, but what we need is to create some inventive synthesis. To formulate such synthesis, calculation of future oriented thinking index can help us to understand better why some communities and nations are poor and some are rich. Perhaps future oriented thinking is the main key to prosperity and success.

Findings

If future oriented thinking is an important factor to prosperity and success, then an instrument is needed to measure it – the Future Oriented Thinking Index (FOTI). Future Oriented Thinking Index is by methodological approach close to the State of the Future Index (SOFI) developed by Theodore J. Gordon and the Millennium Project. But FOTI should focus more on identifying how people are able to take into account future challenges and behave according to them, less on “state of the future“ (measuring whether a situation will improve or deteriorate). Tentatively 23 indicators are proposed to calculate FOTI.

Originality/value

Many economists, environmentalists and other experts have long been cooperating in designing an alternative indicator to Gross Domestic Product (GDP) capable of better capturing the long-term development of society and not just economic performance in a narrow sense. Future Oriented Thinking Index calculated for individual countries as an arithmetical average of 23 selected variables (individual indicators, all available from publicly accessible sources) is a new approach to complement such indexes as the Gross Domestic Product, the Human Development Index, the Environmental Sustainability Index, or the State of the Future Index.

Citation

Novácek, P. (2013), "Thinking oriented towards the future – key to prosperity and sustainable development?", Foresight, Vol. 15 No. 5, pp. 354-362. https://doi.org/10.1108/FS-04-2012-0029