During the Insead Leadership Forum on Tuesday, my colleague, Antonio Fatas, Portuguese Council Chaired Professor of European Studies and Professor of Economics at Insead, presented a map of the world with a red dot representing the centre of gravity of world economic activity.
The basic idea is simple: put this dot on the map at the spot that is least distant from the most global economic activity. Comparing the location of this dot from 1980 to 2010 shows a clear trend; it is moving south and east. There is no reason to expect that this trend will not continue. A variety of emerging markets have accounted for the lion's share of economic growth over the last 30 years and seem poised to continue to do so.
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