Chartbook #121: Youth Quake. Why African…

Once you realize it’s scale, there is no global trend as dramatic today as the revolution in Africa’s demography. Asia’s return to the center of the world economy dominates the headlines. But in the grand sweep of history that is a rebalancing or restoration not a revolution. Until the 18th century, the Pacific and Indian Oceans were the heart of sophisticated economic activity. That balance was grossly distorted in the “centuries of humiliation” by the rise of the West. Now, thanks to Asian economic growth, the centers of economic activity and population are realigning.

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