- 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.
BSI Innovation blogs about Innovation, Money, Venture Capital, Grants, Exports and Research and Development (R&D)
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Thursday, December 15, 2011
The global growth through a burgeoning Asian middle class can bring in a new era of growth, wealth and prosperity
Salient Points
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