The Long View: How Will the Global Economic Order Change by 2050?

After a year of major political shocks, it remains important to take a long-term view of global economic prospects that looks beyond the short-term ups and downs of the economic and political cycle. In taking the long view perspective, the approach is based on a rigorous modelling method that focuses on the fundamental drivers of growth: demographics and productivity, which in turn is driven by technological progress and diffused through international trade and investment. The analysis of these forces for 32 of the largest economies in the world shows continued increases in global living standards, including a world economy that could more than double in size by 2050 due to technology-driven productivity improvements and emerging markets growing around twice as fast as advanced economies on average.