Rise Of The New Rich

July 6, 2012 1:45pm by Barry Ritholtz

The distribution of the world’s super-rich is shifting. Grainne Gilmore seeks out future global wealth hotspots and discovers it’s not all about China.

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London School of Economics professor Danny Quah has calculated that the world’s economic centre of gravity – the average location of economic activity by GDP – is on the move. By 2050, the steady rise of emerging economies in Asia will have pushed the theoretical centre of gravity modelled by Professor Quah from its location in 1980 in the Atlantic Ocean to somewhere between China and India by 2050. He predicts that political infl uence will follow a similar trajectory eastwards.

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Source:
The Wealth Report 2012
A Global Perspective On Prime Property And Wealth

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