Hope, Dreams and Good Works in 2025

by | December 30, 2024

As 2024 draws to a close, we look forward to 2025. 

Despite the many challenges that confront us, this is the time of year we reserve for hope and dreams, for to hope and dream is to be positive. While we humans are optimistic by nature, we must nevertheless find reassurance to channel expectation into action, progress, and success. Yet in a world where ‘bad’ is too often a redundant modifier of ‘news’, positive outcomes largely go unreported. 

That is wrong and unfortunate. We should be aware of what is going well. We should find strength in positive trends and therein renewed faith that we can improve our lives, the lives of loved ones and strangers, the vitality of our communities, and the health of our planet. 

Without diminishing the importance of what we must still put right, it is imperative we take time to acknowledge progress. Hope, after all, is a human condition reinforced by achievement. 

What follows is a sample—a mere subset—of positive trends in our world at the end of 2024.

  1. Life expectancy at birth, low-income countries. In 1960, life expectancy at birth in low-income countries (as classified by the World Bank) was just 41.1 years. In the ensuing 39 years, it increased to age 50. And then came a major transformation. In the first two decades of this century, life expectancy in low-income countries jumped another 12 years to 63.4 years in 2019. The Covid-19 pandemic disrupted the upward trend, but life expectancy is again rebounding. Improvements in health sciences (e.g., access to vaccinations), basic services (e.g., potable water), relief from famine caused by war and civil unrest, and access to world markets (globalization) are among the critical success factors behind rising life expectancy in the world’s poorest countries. 
  1. Total US carbon dioxide emissions, all sectors. In 1970, the US spewed 4.2 billion metric tons of carbon dioxide into the atmosphere. That figure grew to 6 billion metric tons by 2007. Since then, however, it has declined significantly. As of 2021, total annual US CO2 emissions were again below 5 billion metric tons. Nor is that outcome due to recessions or episodes of weak growth. It has been a downward trend for 15 years and has occurred despite ongoing economic and population growth. Carbon dioxide reductions are broad based, across transportation, residential heating and cooling, and electric power generation sectors, among many others.
  1. World literacy. In 1976, 35% of the world’s population over the age of 15 could neither read nor write. As of 2022, that figure had fallen to 13% — still too high, but nevertheless a vast improvement. A further encouraging sign is the advancement in recent decades of literacy rates among those aged 15-24. In 1976, 77.1% of young people could read and write. As of 2023, that figure rose to 92.7%. Increasing levels of literacy offer no assurances of liberty or prosperity, but they improve the odds that individuals and communities will be shaped by reason, logic, knowledge, and civility.
  1. Declining crime rates. Based on data gathered by the Federal Bureau of Investigation (FBI), almost all measures of serious felony crime in the US have declined sharply since the 1990s. Over the past thirty years, for example, total violent crimes per 100,000 people have declined by 49% and property crimes have fallen by 58.8%, led by a 75% decline in burglary rates. Falling crime rates are not merely a US phenomenon. Since the 1990s, declines in serious violent and property crime rates have been recorded in the UK, Germany, and New Zealand, among other advanced economies. Europe has experienced a 63% fall in homicide rates this century (2002-2019 data). Homicide rates have fallen 36% in Asia since 1990. While little consensus exists among the factors leading to falling crime rates across advanced economies, changes in policing tactics and levels of incarceration do not appear to explain the improvement across time and regions. 
  1. Women in government. The number and share of women in parliaments and legislatures has been rising in most countries this century. Among all countries in 2023, Rwanda tops the list with 61.3% of all parliamentarians being women. Oman and Yemen are at the bottom with 0%. Mexico and the United Arab Emirates, with 50% female parliamentarian rates, have edged ahead of the ‘gender-friendly’ Nordics, including Iceland (47.6%) Sweden (46.4%), Norway (46.1%) or Finland (46%). The United States, with 29% female legislators, lags many of its developed country peers, though it easily outstrips Japan at a mere 10.3%. Nevertheless, US female legislative representation has risen sharply from just 11.7% in 1997, with the biggest jump taking place since 2017. 

In short, across broad categories, including health, education, crime, the environment, and inclusion, success stories abound globally. 

That is not to say that all is well. Daunting challenges remain. But when we take time to reflect on what humanity has achieved and juxtapose that with the deluge of negativity that convention considers newsworthy, we can take solace in tangible results, outcomes of positivity that nourish hope, renew faith, and fortify dreams that we, too, can make a positive difference for others.

To joy, fortune, and good works in 2025.

Filed Under: Featured

About the Author

Larry Hatheway

Larry Hatheway has over 25 years experience as an economist and multi-asset investment professional. He is co-founder, with Alexander Friedman, of Jackson Hole Economics, LLC, which offers commentary and analysis on the global economy, policy & politics, and their broad implications for capital markets. Prior to co-founding Jackson Hole Economics, LLC Larry worked at GAM Investments from 2015-2019 as Group Chief Economist and Global Head of Investment Solutions, where he was responsible for a team of 50 investment professionals managing over $10bn in assets. While at GAM, Larry authored numerous articles on the world economy, policy-making and multi-asset investment strategy. Larry was also the lead investment manager for various mandates, funds and an actively managed multi-asset index. Larry also served on the GAM Group Management Board, was Chairman of the GAM London Limited Board and served as member of the GAM Investment Management Limited Board. Larry was also Chairman of the GAM Diversity & Inclusion Committee. During his tenure at GAM, Larry was based in London, UK and Zurich, Switzerland. From 1992 until 2015 Larry worked at UBS Investment Bank as UBS Chief Economist (2005-2015), Head of Global Asset Allocation (2001-2012), Global Head of Fixed Income and Currency Strategy (1998-2001), Chief Economist, Asia (1995-1998) and Senior International Economist (1992-1995). During his tenure at UBS, Larry was also a standing member of the UBS Wealth Management Investment Committee. While at UBS, Larry worked in Zurich, Switzerland, London, UK (various occasions), Singapore and Stamford, CT. At both GAM Investments and UBS Investment Bank Larry was widely recognized for his appearances on Bloomberg TV, CNBC, the BBC, CNN and other media outlets. He frequently published articles and opinion pieces for Bloomberg, CNBC, Project Syndicate, and The Financial Times, among others. Before joining UBS in 1992, Larry held roles at the Federal Reserve (Board of Governors), Citibank and Manufacturers Hanover Trust. Larry Hatheway holds a PhD in Economics from the University of Texas, an MA in International Studies from the Johns Hopkins University, and a BA in History and German from Whitman College. Larry is married with four grown children and a loving Cairn Terrier, and resides in Wilson, WY.

Alex Friedman

Alex Friedman is the co-founder of Jackson Hole Economics, LLC, a private research organization which provides analysis on economics, politics, the environment and finance, and develops actionable ideas for how sustainable growth can be achieved. Friedman is a senior leader with two decades of experience growing and transforming organizations in the financial and non-profit industry. He was the CEO of GAM Investments in London and chairman of the firm’s executive board. Previously, he was the Global Chief Investment Officer of UBS Wealth Management in Zurich, chairman of the UBS global investment committee, and a member of the executive board of the private bank. Before moving to UBS, Alex Friedman served as the Chief Financial Officer of the Bill & Melinda Gates Foundation. He was a member of the foundation’s management committee, oversaw strategic planning, and managed a range of the day-to-day operating functions of the world’s largest philanthropic organization. Friedman also created the foundation’s program-related investments group, the largest impact investing philanthropic fund in the world. He started his career in corporate finance at Lazard. Friedman served as a White House Fellow in the Clinton administration and as an assistant to the U.S. Secretary of Defense. He is a member of the board of directors of Franklin Resources, Inc. (Franklin Templeton), a member of the Council on Foreign Relations, Chairman of the Advisory Board of Project Syndicate and a board member of the American Alpine Club. Friedman is a regular contributor to a range of newspapers and thought leadership groups and is also the author of Babu’s Bindi, and The Big Thing, both children’s books. He is an avid mountaineer and rock climber and led the first major climb to raise money for charity through an ascent of Mt. McKinley. Friedman holds a JD from Columbia Law School, where he was a Harlan Fiske Stone Scholar, an MBA from Columbia Business School, and a BA from Princeton University.

Related Posts

Pin It on Pinterest

Share This