11 Trends That will Change The Structure Of the World Economy
4. Rising Prosperity
Rising luxury among the middle class may possibly be one of the reasons for the global economic change. People are categorized under two levels – one obvious category is the high-class or opulent and the other is middle class. People who come under opulent are the ones who have all the luxuries and amenities in life but the people under middleclass strive hard to achieve few luxuries in life. Thus, the increasing number of middle class people with hard working mentality would help in economic growth in future.
5. Change in Power Centres
Since 1990 to 2010 the proportion of middle class living in the developing countries around the world is about 58percent, which is expected to rise up to 80percent by 2030. The rise of middle class in developing countries will help to raise their economic output as well. Some of the countries that have the highest population like India, China and Brazil will exceed their economic outputs by 2030 when compared to the United States, Brittan, Germany and so one.
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