Tej Kohli, Global

There are concerns about slow growth for the global economy following news about the Eurozone and the powerhouse of China no longer achieving double-digit growth rates. Therefore the outlook may not be all that rosy. However, let’s look at the recent past. Over a period of 20 years from 1990 to 2010 around a billion people were pulled out of poverty, largely as a result of the growing economies of developing countries. This improvement in people’s wellbeing is unprecedented in human history. Ethiopia, which is remembered in the developed world for famine in the 1980s, has an expanding economy and is following in the wake of Kenya in developing a mobile phone-based digital economy. Such progress was unimaginable back in 1990. In the next 20 years, Tej Kohli believes that most economic opportunities will be found in the developing nations with their young and increasingly connected populations.