The product of more than 1,000 years of history, Luxembourg is firmly focused on the future – accustomed to taking the world by surprise and repeatedly demonstrating an inexhaustible ability to reinvent itself.
What ingredients does a society need to offer its citizens for an inspiring future?
The enthusiasm of the next generation and the quality of its education and training? Young people in Luxembourg, who say they are more satisfied with their lives than their counterparts elsewhere in Europe, are for the most part trilingual – and some even more polyglot.
Committing financial resources to future-oriented projects? Today more than ever, the state is investing and innovating in public projects and infrastructure, often in collaboration with the private sector.
Social cohesion? At the World Economic Forum in Davos, the Grand Duchy has been lauded as the world’s second most inclusive economy.
But this is all secondary to the audacity that sets Luxembourg apart as a nation. The country has embraced Jeremy Rifkin’s blueprint for a third industrial revolution designed to ensure by 2050 a resilient and sustainable economy, thanks to a fully interconnected ecosystem encompassing intelligent transport, renewable energy and new communications technology. It is the first country to create a framework for a circular economy and to integrate its principles into public procurement markets. Its financial services industry already leads the world in the listing of green bonds and is establishing itself as a hub for climate finance.
Most recently, this audacity has taken a dramatically new dimension with the proclaimed ambition of Luxembourg, already the global leader in satellite communications and broadcasting, to become a major player in the management and use of space resources. That will be a potent topic for the 2020 Universal Exposition in Dubai, under the theme of "Connecting Minds, Creating the Future" – in which Luxembourg is, not surprisingly, one of the first announced participants.
In a survey by Statec and Eurostat, 85% of young residents between ages 16 and 24 say they were always, or mostly, satisfied with life during the four weeks preceding, compared with 71% across Europe as a whole.
Luxembourg is ranked second in the 2018 index of "most inclusive economies" unveiled by the World Economic Forum at Davos.
Luxembourg was placed 15th out of 128 countries in the 2018 Global Innovation Index compiled by Cornell University and INSEAD.
It is the first country to adopt the third industrial revolution blueprint for an intelligent and green economy.
Luxembourg has the leading European market share of responsible investment funds (45% of AUM in environment strategy funds) and of European impact funds (2/3 of AUM are domiciled in Luxembourg).