Chart of the Day – the shortening timeframe of economic development.
This is taken from a Goldman Sachs report, sent to clients this week, noting that the pace of development in today’s emerging economies is accelerating, intensifying the speed with which the associated changes in demand in those economies occur.
The result is said to be a “compressing of the development process, with unprecedented levels of infrastructure investment squeezed into a shorter timeframe than occurred in already-developed economies, followed by a more rapid transition into consumer economies.”