To get the best investment for the customer over the long term, one needs to have a clear view on where future economic and asset growth will come from.
Historically, the economic centre of gravity was broadly in line with the size of the global population. Until 1500AD, trade in agricultural goods was primarily within Asian and African civilisations. At that point, Western Europe, North America and Australasia accounted for less than 20% of the world's economic output. This changed as Europe and the US came to dominate the landscape. The frontiers set to cash in on China's $6trn 'Silk Road' initiative Importantly, there has been a reversal of this trend with the rapid growth of Japan, China and the East Asian "tiger" economies. ...
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