Waves of Investment Megahype. Digital, ESG, AI: What’s Next?

Evgeny Vinokurov, Alexey Kuznetsov, Artur Sharafutdinov, Konstantin Fedorov, Vikrotia Babajanyan, Aigul Berdigulova and Anton Dolgovechny
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Evgeny Vinokurov: Eurasian Development Bank
Alexey Kuznetsov: Eurasian Development Bank
Artur Sharafutdinov: Eurasian Development Bank
Konstantin Fedorov: Eurasian Development Bank
Aigul Berdigulova: Eurasian Development Bank
Anton Dolgovechny: Eurasian Development Bank
Authors registered in the RePEc Author Service: Евгений Юрьевич Винокуров

Working Papers from Eurasian Development Bank

Abstract: Investment booms often lead to speculative bubbles. At the same time, they are engines that accelerate the emergence and scaling of new industries. Over the past years, the world has experienced peaks in digitalization (2021), the ESG agenda (2023), and artificial intelligence (2025). These investment waves would give necessary technology to the next waves. This report starts with reconstructing the life cycle of a productive investment boom - from the hidden formative phase through exponential growth to the stage of normalisation and consolidation. Bases on that, looking 5-10-20 years into the future, we identify several likely candidates for future global investment waves. They include biotech and longevity; robotics and autonomous systems; virtual reality, energy storage, climate adaptation and a few others. Our personal favorites are biotech and robotics. Additionally, the report argues that states would be particularly interesting in investing into ‘long and healthy life’ as a means to solve deep structural problems of the labor markets.

Keywords: investment; investment waves; biotechnology; longevity; quantum computing; digitalisation; artificial intelligence; virtual reality; robotisation; energy storage; climate change; space economy; fusion (search for similar items in EconPapers)
JEL-codes: I11 I15 I19 J11 J24 O30 O31 (search for similar items in EconPapers)
Date: 2026-04-07
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https://eabr.org/en/analytics/all-publications/waves-of-investment-megahype/

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