Global wealth megatrend spreading across Asia says BlackRock white paper
A wealth effect is spreading from China across emerging markets in Asia as manufacturing spreads
The growth in Asia and the rapid development of emerging markets marks a huge shift in global economic power and influence.
The rise of China and now India represents one of the most fundamental changes in the world's political and economic landscape in history with other Asian and developing markets becoming increasingly economically important too. Many underlying assumptions are being challenged, reconsidered or at the very least updated in terms of what drives the global economy and where returns are to be found.