Where to Turn after Losing your National Credit Rating
The problems with the economy that are ruining the credit ratings of nations across the world won’t necessarily be solved by patching up the causes that led them to their financial difficulties, but rather in identifying new opportunities to pull them toward a brighter future.
It’s about finding new possibilities, not just problem solving. Emerging markets and industries have historically pulled desperate nations out of struggling economic times, like the leaping advancements in telecommunications and the IT industry.
The Fermanian Business and Economic Institute from the San Diego-based Point Loma Nazarene University is aggressively pursuing the potential contributions biomimicry could provide major industries in the near future.
Commissioned by the San Diego Zoo Global, the Fermanian Institute released a report in November 2010 arguing that biomimicry “could be a major economic game changer,” suggesting venture capital could flow into biomimicry at a pace at least equal to that of biotech, estimated at $4.5 billion.
By 2025 biomimicry could represent $300 billion annually of U.S. gross domestic product, create 1.6 million U.S. jobs and save another $50 billion by mitigating the depletion of various natural resources and reducing CO2 pollution, the report suggests.
The impact will be felt in myriad applications but the most significant results won’t be found in bouncing cell-phone cases or useful adhesives like Velcro. Expect the greatest billions of dollars to be generated via innovations and inventions that influence the largest economies in the modern world, like the oil industry.
Imagine a coagulant for hauling oil that acts like rigor mortis in the event of a leak or spill during transportation. The idea is in development and could change the oil industry forever.
By applying nature’s principles to solve human problems, biomimcry looks to replicate the highly efficient, sustainable and low-waste mechanisms and systems found in nature, just like how to artificially replicate blood coagulation.
But the research and application will take time. Developments to change global water use and conversation, healthcare, waste management and waste treatment lie in the mid-term horizon market, perhaps still 15-20 years away.
And while studying biomimicry isn’t a new concept, every new discovery could be an exciting new beginning.
As new scientific understandings are reached, they begin to build the foundation upon which new discoveries can be made. Consider the contributions of Belgian scientist and engineer Johan Gielis who created the “Super Formula” that has laid the theoretical framework upon which entire new research is possible.
The Super Formula provides a direct geometrical description and relation between circles and squares, flowers and snowflakes, molecules and space-time, sounds and vision: simply, it describes the relationship between anything and everything.
The theory is a new lens that brings the natural world into focus, similar to the contributions of Newton and Einstein.
“Understanding comes before application,” says Johan, noting the formula can lead to new ideas about ecosystems, energy, growth and development.
He says the balanced equation could restore harmony in nature, offering new physical models of living systems — and harmony might be what economies are looking for after falling out of balance with the old market system.
Read more from Axiom News on biomimicry as an economic game-changer.
Calls to Action
1. Biomimicry can show us how to build resilience and cultures of innovation throughout our various systems. What's such a notion spark for you? If you want to learn more, check out Biomimicry 3.8. You could also add a thought or question below, and we'll do our best to add clarity or other ideas that might be helpful.
2. But there’s biomimicry, and then there’s the idea of an economic and social transition. What’s it all about? What are other features, tools, fields of action? Axiom News is committed to further journalistic exploration of these and related questions. If you want to become of this somehow, send us a note and we can set up a chat to discuss co-creation possibilities.
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