Age of Asia: Rise of a multipolar world is an Economist Impact report, sponsored by PineBridge Investments, that examines Asia’s long-term and evolving place in the global economy. The trends discussed here form a picture of possibility, opportunity and risk that’s set to play a transformative role in the years ahead.
Based in Hong Kong, Jason covers Asia from Australia to India. His background includes managing publications, financial reporting and technical marketing as well as a decade of product-sourcing experience with mainland China factories. Some of his most formative work, however, has been as a stay-at-home dad and freelance writer, covering topics from perfluorocarbons to popcorn. Jason received a BA in English from the University of Massachusetts, Amherst with study at the University of Sheffield in Yorkshire, UK.
Age of Asia: Rise of a Multipolar World
Video | Age of Asia - Infrastructure: Reshaping global dynamics
The shifting landscape of global wealth: Future-proofing prosperity in a ti...
In some instances the impact of this shift will be shaped by local factors, such as demographic changes. In other instances this shift will reflect shared characteristics, as demonstrated by the greater popularity of overseas investing among younger high-net-worth individuals (HNWIs) brought up in an era of globalisation. Whatever the drivers, the landscape of wealth is changing—from local to global, and from one focused on returns to one founded on personal values.
Despite rising economic concerns and a tradition of investor home bias in large parts of the world, the new landscape of wealth appears less interested in borders. According to a survey commissioned by RBC Wealth Management and conducted by The Economist Intelligence Unit (EIU), younger HNWIs are substantially more enthusiastic about foreign investing. The U.S. is a particularly high-profile example of a country where a long-standing preference for investments in local markets appears set to be transformed.
Click the thumbnail below to download the global executive summary.
Read additional articles from The EIU with detail on the shifting landscape of global wealth in Asia, Canada, the U.S. and UK on RBC's website.