Tuesday, September 11, 2007

A New Barcelona Forms Every 10 Days

"According to a forecast by the United Nations, no less than half of the world’s population will be living in urban areas in 2007. By 2030 this figure should have risen to 60 percent. To give some idea of what this means, one would have to imagine a city the size of Barcelona appearing somewhere in the world out of nowhere every 10 days."

In addition, PricewaterhouseCoopers predicts that the gross domestic product (GDP) of the E7 countries - comprising Brazil, China, India, Indonesia, Mexico, Russia and Turkey - will exceed the gross domestic product of the G7 - made up of Germany, France, United Kingdom, Italy, Japan, Canada and the US - by approximately 25 percent in around 40 years.

The main take away from this article is to heavily invest in emerging markets over the next 40 or 50 years. Follow the growth.

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