The world is getting better
Intensive fears of over-population and mass starvation arose in the late 1960s, Battlefield dr Paul R. Ehrlich. Although these fears exist for some people, at the same time, the decline in the global fertility rate was actually a dramatic and much less pronounced decline. The number of babies per woman dropped globally from more than five to the current rate of about 2.5 per woman. Although the timetable varied, the decline in birth rates and the corresponding slowdown in population growth were experienced in all regions of the world.
An incredible increase in life expectancy and income across the planet has also been recorded, illustrated by Hans Rosen's balloon chart, graphically showing dramatic improvements across countries over time.
The world order is constantly changing
Although we generally appreciate that the wealth of various world economies will differ over time, an animated chart showing the top 10 countries for gross domestic product (GDP) since 1965 illuminates. The rapid increase in China's GDP as a result of economic reforms in the 1980s and 1990s and afterwards joining the World Trade Organization (WTO) in 2001, China soon became the second largest economy in the world. It is interesting that India now has a higher GDP than France, and Brazil, despite its recent economic problems, ranks more than Italy, in the eighth place in general.
Although the US economy has been at the top of this chart throughout the period, the growth of its trading partners and competitors points out that economic power changes are in progress.
The most successful companies are developing
In 2013, Apple was the only technology business in the top five public companies in the world. Just five years later, all five of the world's largest companies are technological supplies, with Alphabet (Google's parent), Microsoft, Amazon, and Tencent from China who have replaced Ekon Mobile, Berkshire Hathavai, PetroChina and Valmart as the largest companies on the planet.
In addition to raising technologists, for the past 10 years there have been the emergence of Chinese corporate giants, of which the 21 largest 100 companies generating revenues from China, compared with just three in 2008.
Although not everyone wants to learn to reach the level of document docs, engaging tools can help shape an increasingly complex world. Maintaining a way of thinking about growth and adapting to our investment approach in line with changing realities is beneficial at any age.
Catherine Robson is a financial planner at Affiniti Private and hosts a podcast Success story.