From West to East: a shift in power

Fidelity's Tom Stevenson on the shift in the balance of power in the global economy from West to East that will soon alter the investment landscape forever

The big theme over the next decade and beyond looks set to be the shifting balance of power in the global economy. This is not just an emerging market story – after all, new markets have always emerged over time. This is a story of the resurgence of sleeping giants, of economic and industrial catch-up, of a historic shift in wealth from West to East that will change the economic and investment landscape forever. The shape of things to come The global economy we know today will be virtually unrecognisable by 2050. The rise of emerging powers, the impact of globalisation and a historic t...