Goldman Sachs examines how globalization, technology, and BRICs growth are reshaping economic and market relationships through what it calls the “Globology Revolution.” The paper argues these structural forces could support stronger global growth, lower inflation volatility, sustained corporate profitability, and changing investment opportunities.
The Globology Revolution: Globalization, Technology and BRICs — Structural Changes and Investment Opportunities
Goldman Sachs
Sharon Bell, Peter Oppenheimer
72 Pages
Key Takeaways
Global Labour Expansion: The economically active global labour supply increased roughly 25% since 1990, while China, India, and the former Soviet bloc contributed about 1.3 billion workers.
Technology Drives Deflation: Global internet usage grew 182% from 2000 to 2005, reaching more than 1 billion users and 15.7% penetration worldwide.Global internet usage grew 182% from 2000 to 2005, reaching more than 1 billion users and 15.7% penetration worldwide.
BRIC Demand Expands: China had 300 million people aged 15 to 25 and 166 cities exceeding 1 million residents, versus just 9 in the US.
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