A Peek into the Future
This McKinsey article talks about the inevitable dramatic changes that will take place in the global economy. Current imbalances will eventually correct, making the economic stage more level between developed and emerging economies.
These changes have major implications on currency exchange rates and commodity prices, as well as the structural shifts that would need to be managed in both the developed and emerging nations.
If you are in a developed nation, get ready for devalued currencies and higher commodity prices. If you live in an emerging nation, be ready for higher wages but more expensive cost of living and higher unemployment.
The world is getting flat indeed.
These changes have major implications on currency exchange rates and commodity prices, as well as the structural shifts that would need to be managed in both the developed and emerging nations.
If you are in a developed nation, get ready for devalued currencies and higher commodity prices. If you live in an emerging nation, be ready for higher wages but more expensive cost of living and higher unemployment.
The world is getting flat indeed.
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