How the World Is Changing: The Secular Picture

Greg Jensen, Billy Prince

Article

1 Pages

Bridgewater Associates examines how economic power has shifted toward emerging markets, reshaping where global growth, investment, and consumption occur. Emerging economies now generate roughly 60% of global growth, while their financial markets remain comparatively underrepresented, suggesting a notable disconnect between economic influence and investable assets.

Key Takeaways

Emerging Growth Dominance: Emerging economies generate 61.7% of global growth today, versus 26.4% in 2000, with China alone contributing 29.6%.
Investment Has Shifted Emerging markets account for roughly 70% of global fixed investment, while China alone represents about 40% of the total
Markets Still Lag: Emerging markets represent about 48% of global output but only 23% of global debt and 16% of global equity market capitalization.
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