Discuss Four Macroeconomic Trends That Have the Potential to Significantly

Question

Examlex · Accepted Answer

The Answer is a. Global and regional shift of centers of economic activity-Due to economic liberalization, technological advances, capital market developments and demographic shifts, the locations of global economic activities are shifting. Today, Asia accounts for more than 35 percent of world GDP, exceeding the United States and Europe.
b. More consumers, especially in the developing economies-Almost a billion new consumers will enter the global marketplace through 2015 as economic growth in emerging markets pushes them beyond the threshold level of $5,000 in annual household income, a point where people begin to spend on discretionary goods. In 2013, consumer's spending power in emerging economies will have reached $10 trillion, nearly the current spending power of the Europezone countries in Europe.
c. Growing demand for natural resources-As economic growth accelerates, especially in emerging markets, use of natural resources will grow at unprecedented rates. In China, demand for copper, steel, and aluminum has tripled in recent years, suggesting new opportunities for mining companies.
d. Widespread access to information-Knowledge is increasingly available to people worldwide. For instance, the rise of search engines such as Google makes seemingly limitless information instantly available. Knowledge production itself is growing. For example, worldwide patent applications have been rising at 20 percent annually.

Discuss Four Macroeconomic Trends That Have the Potential to Significantly

Definitions: