Global Business Professionals in the Developing World Believe that China and India will Surpass the U.S. as the World’s Centers of Tech Innovation by 2035


Bloomberg today released findings of its New Economy global survey, which gathered the views of 2,000 business professionals in 20 markets on what the future will hold as the balance of global power shifts towards new economies. Faced with a series of predictions about the world in 2035, the survey revealed sentiment from business professionals from emerging and developed economies on a range of issues including the role of technology, urbanization and climate change.

Overall, data shows that emerging country business professionals are more optimistic than developed markets about change, and have markedly higher expectations for the role that technology will play in the economy, business and daily life in the decades to come.

“It is noteworthy that emerging economies are more optimistic than developed markets about the power of technology to shape a better world by the year 2035,” said Andrew Browne, editorial director of the Bloomberg New Economy Forum. “Developing countries in general see technology more as an opportunity while the developed world has a greater sense of technology as a threat.”

“The data clearly indicate that being able to read is not a requirement for graduation at (Madison) East, especially if you are black or Hispanic”.