Standing on the Sun: The Emerging Economies Drive the Evolution of Capitalism | Legatum Center at MIT

Standing on the Sun: The Emerging Economies Drive the Evolution of Capitalism | Legatum Center at MIT: "Standing on the Sun: The Emerging Economies Drive the Evolution of Capitalism
Mar 12, 2012
Categories: Event
Tags: Lecture
Christopher Meyer 
Entrepreneur, Consultant and Author | Full Bio >>
For half a century the US has sat at the center of the global economic system, and Western-style capitalism has dominated. Now, it's no secret that the center of gravity is shifting. The advanced economies that in 2000 consumed 75% of the world's output will, by 2050, consume just 32%. Meanwhile, the emerging economies of the world--Brazil, India, China, and others--will surge forward. As these fast-growing, low-income economies mature, will they adopt the practices of the old guard? Or will they make their own way, and create the next prevailing version of capitalism? What new opportunities will that create for firms around the world?"

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