Megatrend: De-Globalisation & Power Shift
Population growth drives the regional growth in Asia and Africa to far surpass Europe and Americas growth. We will experience a challenge to our globalisation and we will see power shifts taking place. We are also challenged to find agreement and a more equitable and fairer world. The average global economic growth will be around 3% a year in the coming decade, making the world a richer place than today.51 Most of this growth will happen in the developing economies, whose growth will accelerate from 3.1% currently to 3.6%. Developed economies, too, will grow, although at a much slower rate: Europe, for instance, is projected to grow at 1.4% a year.
China is expected to become the world’s largest economy, surpassing the United States. We will see a more regionalised world, and China will become the new superpower with more than 200 cities with above 1 million inhabitants, already has more than 100 unicorns with a 1B USD valuation and is forecasted to be the largest user of the international patent system. However when we measure the GDP per capita then china will grow from currently $10,000 to $14,000 in 2030, and Europe’s GDP per capita is expected to grow from $37,800 to around $50,950.
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