- Shifting Wealth’ from West to East over next 25 Years
- Middle Class spurs growth and Innovation a nd there is a huge swell of Middle Class in China, Asia and India (growth from 1.8b spending $21trillion to 4.6b spending 56trillion
- Annual output to grow from 63 trillion per annum to 200 trillion per annum in 25 years
- The growth does not depend on a rebound in US or European consumer demand, but depends on the inevitable demand from a new large, growing Asian middle class, that is of sufficient size to provide the impetus for demand growth that the world needs.
Thursday, December 15, 2011
The global growth through a burgeoning Asian middle class can bring in a new era of growth, wealth and prosperity