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China’s share of world GDP has gone from 2% in 1990 to a peak of 18% in 2022. More recently, US outperformance has seen it claw back share from a post-GFC low of 21% to 27%. In comparison, Europe and the Global South have moved sideways in recent years.
But things are changing. Some of the foundational conditions of China’s one-way rise are getting challenged: a reduced global willingness to absorb Chinese goods, demographic decline, and need to pivot to more sustainable growth.
Meanwhile, policy making in the US has become more erratic and according to the German bank, corporates and investors are likely to broaden their focus to alternative global growth engines. Where will investors go? With more than 100% of global population growth to 2050 happening in the Global South, the bloc will be impossible to ignore.
Do you agree that Global South will be the most preferred among investors in two decades?
I think if AI is a failure to replace labor then yup those with the people will have a chance to grow their economies
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This definitely makes sense. However I also think that within the next 20 years AI isn't gonna impact human labour that much and more people should be relevant in this time frame.
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Unless they perfect the robot and get the cost down
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Time will tell. I personally won't eat food prepared by a robot. I mean the success of AI and robot will hugely be subjective to human favouring them to be used.
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😆😆
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