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Arenas are industries that transform the business landscape. Eighteen future arenas could reshape the global economy and generate $29 trillion to $48 trillion in revenues by 2040.
US micro-, small, and medium-size enterprises, like their global counterparts, struggle with productivity. But a win–win economic fabric connecting all businesses can maximize their potential.
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MGI IN THE NEWS
Reports issued by the McKinsey Global Institute are often cited in international media, and MGI authors frequently contribute to leading business publications.
Falling birth rates have become a hot topic around the world, and nowhere are they falling faster than in advanced economies in Asia. Together with China, these economies are undergoing a demographic wave that will soon wash over other nations, write Anu Madgavkar and Gautam Kumra in Bloomberg.
Despite progress in reducing extreme poverty, about 60 percent of the global population—4.7 billion people, including an estimated 70 million in the United States and 200 million in other high-income countries—live below the economic empowerment line. This yardstick, developed by the McKinsey Global Institute, measures if individuals’ essential needs are being met. It defines a standard basket of basic goods and services for a frugal yet decent quality of life —including country-specific costs for adequate housing, food, healthcare, education, transportation, and a small amount of emergency savings, writes Kweilin Ellingrud in Forbes.