Welcome to the latest edition of MGI's Research Update
"From Made in China' to "Sold in China"
A new MGI report predicts a massive middle class will emerge in China as the country transitions to a more consumption-led economy and incomes grow. The urban consumer markets, in particular, will develop rapidly, moving from 43 percent of the population today, to 69 percent by 2015, and 76 percent by 2025. Most important, this urban phenomenon will spread beyond China’s large wealthy coastal cities, to smaller cities further inland.
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A Tale of Two Financial Systems: A Comparison of India and China New research on the financial systems of China and India finds that they face very similar problems, despite the fact these systems grew from very dissimilar roots. Both countries are now pursuing growth strategies based on relatively free markets, yet neither has the financial system it needs to sustain rapid and efficient growth in the years ahead.
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Forthcoming MGI Anthology Series
In January, Harvard Business School Press will publish three anthology collections based of MGI research. Topics covered will include offshoring, productivity, and the forces that drive growth. Advance copies can be ordered from Harvard Business Online, Barnes & Nobles, and Amazon.
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MGI in the News
Two of the latest installments of a MGI column regularly published in BusinessWeek Online look at Sweden's lessons for Europe as well the China and India financial systems. An op-ed published in Singapore’s Straits Times during the World Bank-IMF Annual Meeting suggests that China and India still face significant risks from their financial systems and must implement a tough, and politically difficult, reform agenda if they are to unleash their economies' full potential.
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What’s in the Research Pipeline In coming months, we look forward to sharing additional research on energy demand, the Indian consumer and our third annual update on global capital markets.
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McKinsey Global Institute 2006 Research in Review December 2006 Read more
Preparing for a Massive Middle Class in China… Comparing the Financial Systems of China and India …Advance Copies of MGI Anthologies From Harvard Business School Press November 2006 Read more
The Value of financial system reforms in China and India…China’s emerging middle class…Mapping the global capital market…Smarter offshoring June 2006 Read more
