Paradigm Shift in Global Production & Consumption between Emerging and Developed Markets
The traditional Developed Market (DM) led investment cycle into Emerging Market (EM) for production and savings has been superseded by a rising EM middle class that is characterized by an increasing level of consumption, which in turn positively impacts DM.
Mirae Asset believes that the growth of the middle class, particularly in emerging economies, will have a profound impact on global consumption.
Below chart shows Middle Class Consumption: Top 10 Countries (in descending order) (% Global Share)
Source: Brookings Institute. The Emerging Middle Class in Developing Countries, June 2011
We will share some interesting facts about emerging markets in our subsequent articles.
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