The World Economic Power And Its Impact On The Economy

In this book, Dobbs, Manyika, and Woetzel believe the world is almost constantly discontinued. Many long-held assumptions, long-term projections, and long-stand trends have been upended by disruptive technologies, trends, and developments. A completely different world is being formed by four main forces. The first force is the development of emerging markets and the growing urbanization within these markets (Cooper, 2015). The world economic power is moving to east and south. As an example, China is predicted to have most large companies located in rather than the United States or Europe by 2025. Equally important, economic activities are arising within these emerging markets. For instance, a Chinese city Tianjin, who had a same size GDP†¦show more content†¦The final power is the tighter global connection in capital, people, and information. The connection between the countries has already become an intricate web from a series of lines simply connecting core trading pivots of developed economies. The capital flows between emerging markets; the trades between developing areas and the people crossed borders have all experienced a sharp increase. Figure 1: Global connection has become a complex web (Neal, 2013). In the end, the authors give an optimistic summary forecasting that the world will become richer, healthier and more developed. The urbanization will be higher; the technology will also achieve a higher level. There will be more innovations for challenges, more products and services for new consumers and more opportunities for entrepreneurs. In their words, today is â€Å"an age of recurring miracles†. According to the given information about the authors at the back of the book, they three are all scholars or doctors from Oxford, Stanford or the University of Southern California. Therefore, it can be believed that they have clear ideas of the content of their book. However, there is an important fact that the authors are all directors of McKinsey and of the McKinsey Global Institute. It is possible that they write the book for business purposes because MGI is a business institute which provides information to leaders in the commercial, public, and social