TED Conversations

Goodness Ugwumba Opara

This conversation is closed. Start a new conversation
or join one »

What is the future of the global economy?

With the rise of new economic powers such as China, India and Brazil (and virtually every other country in one small way or another), is the global economy headed, even faintly, in the direction of equality for all nations?

As growing internet access spreads information, enlightenment, global exchange and commerce across the planet, the gross effect appears to be a leveling of standards, innovation potential and competitiveness. People increasingly have access to the same learning resources, technology and information. So people in one part of the world are setting up businesses to rival others across oceans and deserts, effectively leading to a more balanced world in which New York is not so different from Mumbai, for example. Is this the true direction of the global economy, even for third world nations, or is there some other trend that's harder to see?


Showing single comment thread. View the full conversation.

  • thumb
    Jul 10 2013: Just wait for next bubble to pop!

    Rich people will keep on getting richer whilst poor will keep on getting poorer!

    Middle class is essential to serve rich and keep on control. Information technology seemed the solution to our problems but recent events has showed that it is controlled.

    A bitter fact but that's how our world works.

Showing single comment thread. View the full conversation.