According to McKinsey, recent decades have seen numerous Asian countries propelled into the ranks of middle-income and advanced nations owing to industrialisation, urbanisation, rising demand for goods and services, productivity growth, and a thriving corporate sector.
With more than 1.2 billion people relieved from the shackles of poverty (and counting!), Asia is projected to account for more than half of global consumption growth by 2030.
The illustration below puts both statements above into perspective, revealing the period following the year 2000 as the most rapid shift in the world’s centre of economic gravity ever recorded.
At Pynk, we believe it is you, our global crowd of Pynksters, and your insights that differentiates us from the bulk of the wealth management industry. We therefore ask you:
What industries/companies do you see riding the wave of industrialisation, urbanisation, rising demand for goods and services and productivity growth in Asia?