The rise and fall of countries in the global pecking order, is based on their ability to efficiently use capital and other resources. Clearly, it helps to avoid bad politics. Over the course of the last five decades, the global economic map has transformed radically. In the coming decade, there will again be a new set of winners and losers. This paper is the first in a two part series that looks at historical changes and our assessment of the future. It is based, largely, on the commentary by Richard Martin, Managing Director of IMA Asia, our sister company, at a joint session of the CEO and CFO Forums.

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