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adolphus Post time: 2012-4-26 01:32
Are you saying that only China has moderation for posts?
The Great Sharing
Richard (Rick) Mills
Ahead of the Herd
As a general rule, the most successful man in life is the man who has the best information
The most investable trend over the next 20 years is going to be the rising price of commodities, rising prices will be caused by two factors;
Two factors are involved in increasing consumption. One is the growth in population:
2011 7 billion
2020 7.6 billion
2027 8 billion
2030 8.2 billion
2040 8.8 billion
2046 9 billion
2050 9.2 billion
The second factor is the growth in wealth in the major developing countries - China, India, and Indonesia have enormous numbers of people who are already middle class and hundreds of millions still to become middle class.
Africans, on a per capita basis, are richer than Indians and a full dozen African states have higher gross national income per capita than China. Today Africa has 14% of the world’s population and by 2050 one in every four people on the planet will be African. Development expert Vijay Majahan, author of Africa Rising, said the rapidly emerging African middle class could today number almost 300 million people - that’s out of a total population of one billion.
The Organization for Economic Co-operation and Development says the global middle class numbers 1.8 billon, or 28% of the world’s population.
According to the UN report RESILIENT PEOPLE RESILIENT PLANET A Future Worth Choosing, the number of middle-class consumers will increase by three billion people over the next 20 years.
The president of the Center for Global Development, Nancy Birdsall, calculates that India has no middle class. The McKinsey Global Institute projects that India’s middle class of 50 million, less than 5% of the country’s population, will explode to 583 million by 2030.
McKinsey Global puts China’s middle class at 43% of its population today, on its way to 76% in 2025.
Chasing The American Dream
Middle class has come to mean having what Americans have: large houses or apartments, more than one car, all the latest appliances, flat screen TVs with cable or satellite, laptops and i-pads - "development" for these people has come to mean more than just the basics - electricity, telephones and running water. Indonesia is a good example.