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Thought for the day
Asia Dominates...Africa Grows...Europe Shrinks
Last updated: 10 October 2024
Whether collectively called Africa and Asia, the Global South, developing countries, or simply the poorer parts, there is no doubt that in population terms they dominate the world.
Asia already accounts for around 60% of the world's population. By 2050 Africa's high fertility rates are likely to mean over a quarter of the world's population lives there.
Population by Year and by Region
Period: 1950-2050
Africa and Asia are already home to over three-quarters of the world. Europe with its ever-lower fertility levels is shrinking fast.
Poorer countries tend to have lower
quality demographic data
, and fertility rates can and do change over time. But the changes are so large and general the conclusions are unlikely to be too far removed from reality.
Governments, institutions, businesses, and investors will have to take account of these massive changes.
See more Population Data...
More perspectives using World Economics data
East Asia’s Economic Miracle
The economic performance of East Asia, led by China, has been remarkable in the past decade. From 2013 to 2023, East Asia contributed 42.2% of all global GDP growth (30.9% from China alone), more than double the share of any other region. The broader Asia-Pacific region showed impressive dynamism, accounting for 69.9% of the world’s economic expansion. Note: CAGR is calculated from GDP in Purchasi...
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Poor Governance in the Global South
The Global South does not shine as a beacon of Good Governance. In the World Economics Global Governance rankings, the South registers badly, with only two countries (out of 99) rated A grade, only 14 countries rated as B Grade, and 54 rated D (poor) or E grade (pretty awful). The Global Governance Index combines the results of the independently generated Rule of Law Index (1); Press Freedom Index (...
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Places for Investors to Avoid
Country Governance is crucial for investors, as BP found recently, taking a $24bn charge in its accounts, after deciding to abandon its 19.75% stake in Rosneft, the Russian oil and gas giant. Many other companies and investors have lost heavily in recent years by allowing short term profit to outweigh the risk of dealing with countries with poor Governance. It's all too easy to ignore warning signs a...
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