I recently came across the Credit Suisse Report on Global Wealth Pyramid. It confirms lot of existing knowledge – it gives us exact statistics.
Less than 1% of world’s populations controls nearly 40% of world’s wealth !
Less than 10% of world’s populations controls more than 80% of world’s wealth !
The Global Wealth Pyramid made see some change in the next few decades…I definitely see that the Indian Middle Class is growing by leaps and bounds. It represents the great opportunity for the whole world. The next big opportunity is in Africa. China is already investing in Africa to take advantage of that opportunity. China is rising faster and quicker. The dragon vs elephant debate maybe soon over….
But what is progress? What is wealth? It means different things to different individuals. These terms cannot be defined by GDP figures alone. Civilization and countries need to redefine these terms for creating a sustainable, tolerant, peaceful, compassionate and humane society !