Shift and Consequence

1. Shift and Consequence

2. Shift and Consequence • The revolution has only begun. • Ambition to improve infrastructure, increase productivity, create jobs, and alleviate poverty has put into motion what will likely be the biggest economic stimulus in history. • The last transformation of similar magnitude—the Industrial Revolution—involved far fewer people in far fewer nations but still produced a century-and-a-half economic expansion that altered lives everywhere. • Today’s revolution spans the globe, includes far more people in far more countries, and represents the biggest opportunity in the history of capitalism.

3. Shift and Consequence • We are currently experiencing roughly • 10times the economic acceleration of the Industrial Revolution, • on more than 100 times the scale, • resulting in an economic transformation that carries over 1,000times the force of change. • The transfer of the leadership baton from wealthy countries to emerging markets, for better and for worse, revolutionizes our interpretation of the global business environment. • The standards of work, leadership, and think different, we suspect, will “change” as well

4. Shift and Consequence • Rapid urbanization is propelling growth across emerging markets and shifting the world’s economic balance toward the east and south. • By 2025, it will create a “consumer class” with more than four billion people, up from a billion in 1990. • Nearly half will live in the emerging world’s cities, which are set to inject almost $25 trillion into the global economy. • 440 largely obscure urban areas will account for close to 50 percent of expected global GDP growth between 2010 and 2025.