Meet the coming “super-cycle”
That's the advice, anyway, from Standard Charter Research today.
According to this nifty piece of reserach, the world has already seen two "economic super-cycles," which fuel global economic growth for three decades or so:
1) The economic boom brought on by the industrial revolution (1870-1913)
2) The post-World War II boom in Europe (1945-1973).
What's fueling the next one?
Asia, of course. More specifically, the rise of the consumer in Asia.
Our friends at Business Insider have highlighted 15 slides from a Standard Charter presentation (and if you haven't bookmarked Business Insider yet, then do it now). These two charts pretty much sum up the story:
The U.S. and E.U. rule today. Asia (read: China and India) will rule tomorrow.
Another area for growth in the coming years, you ask? Sub-saharan Africa:
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