“Leapfrogging to a New Lifestyle for Sustainable Prosperity: A Blessing, not a Burden”

By mid-century (2050), per capita incomes of the majority of developing countries could conceivably have “converged” with those of the advanced (G-7) economies. By the end of the century, there will be nearly 7 billion people in emerging economies with average per capita income conceivably equal to that of the developed countries today. The present…