Do you need or want to understand the world economy? For a reliable source check the charts published via the McKinsey Global Institute’s photostream on flickr.com.
MGI’s chart of the “The new wealthy urbanites” depicts that by 2025, certain cities in emerging markets or developing economies will account for 60 percent of new high-income households. The chart indicates that “new wealthy”, as MGI calls this group, will increase to 3 times its size, from 20 million to 60 million. “Some 19 percent of these will be in China; 6 percent in Russia, and 3 percent in Brazil.”
Don’t worry. The chart works in India’s economic stats. It’s just that the India percent increase projection wasn’t included in the summary statement above. The quote is what the quote says. [That’s what it said as of today, July 10, 2012, when I read it. By the time somebody else looks, it may be revised. Whatever!]
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Funny thing about these charts; they never include Africa. Gold, diamonds and prime real estate: Africa must be “old wealthy”. :)
Istanbul, Turkey don’t count because Turkey sits where Africa, Asia and Europe meet (or collide!); which means they’re just a stitch that holding everybody together or rather a strategic “safety pin”.
WHAT???!! Surely, I’m not the only person who has an opinion.
“On the meeting point of two worlds … the treasure of Turkish history … Istanbul, has its place in the hearts of all citizens.” — Ataturk
“Either I conquer Istanbul or Istanbul conquers me.” —Fatih Sultan Mehmet
These quotes link back to two articles I published as a Contributing Writer for Suite101.com. You may or may not be able to relate them to MGI’s economic crystal ball. Matters not. Because I’m just putting in plugs for my articles to get folks to read them.
[Hey! Did I not say: I’m not a wolf. I’m a Fox! ≧◠◡◠≦ ]
By Mrs. Treathyl FOX, aka CMoneyspinner