The shift of economic power from the established Western economies and Japan towards the emerging economies in the East and South is set to continue.
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Digital Europa Thesaurus
economy purchasing power parity
Unless consumption patterns of the emerging middle class in developing countries change, bottle necks in food and energy are very likely, along with increasing environmental degradation...
The number of people living in extreme poverty (US$1.9/day) has been reduced from 1.85 billion (35% of world population) in 1990 to 767 million (10.7% of world population)...
International Monetary Fund, A shifting global economic landscape,(2017). German Institute for Economic Research, Shrinking share of middle-income group in Germany and the US (full report), (2016)...
The growing purchasing power of the middle classes in the newly industrialised countries creates opportunities for the consumer goods industry, health services, infrastructure and education.