Forces Causing Future Development

• Demographics

• Income & Wealth

• Tastes

Required Capital

• Domestic Savings

• Foreign Capital

Capital Generation

• Direct Investment (Equity)• Debt Capital

• Private-Public Markets• Role of Securitization

How Will the “New” Economy and the Bricks and Mortar Society Mesh in the 21st

Century?

Areas of Development

• Infrastructure

• Residential

• Commercial-Industrial

Distribution of World Population: 1950 and 2025

0

10

20

30

40

50

60

70

Asia Americas Africa Europe Oceania

2025 1950

Source: Global Demographics, UN,

%

Life Expectancy

0

10

20

30

40

50

60

70

80

90

Japan

Sweden

Canada

France UK

Germany

US

Taiwan

Mexico

Korea

China

Thailand

Russia

Brazil

Source: Global Demographics, UN,

Projected Labor Force Growth Rate of Selected Countries:1995-2010

0

0.5

1

1.5

2

2.5

CanadaChin

aEgypt

Brazil

Germany

India

Japan

Mex

ico

Russia UK US

Indonesi

a

%, Annual Rate

Source: World Bank

Birth and Death Rates: Selected Countries

0

5

10

15

20

25

30

35

UKChin

aEgypt

Brazil

Germany

India

Japan

Mex

ico

Russia

Per 1000

Source: WHO,UN

Household Size

0

1

2

3

4

5

6

India

Mex

ico

Malaysia

China

KoreaJapan

CanadaUK US

Germany

Sweden

Source: UN

Density of Population:Per Square Mile

0

2000

4000

6000

8000

10000

12000

Singapore

Taiwan

KoreaJapan

India UK

China

France US

Brazil

Australia

Source: UN

Dependency Ratios*: Industrialized Countries

0

5

10

15

20

25

30

35

40

45

19501970

19902010

20302050

Young Dependents

Old Dependents

Source: Global Demographics, UN, OECD

%

*Proportion of Working Age Population

Dependency Ratios*: Developing Countries

0

10

20

30

40

50

60

70

80

19501970

19902010

20302050

Young Dependents

Old Dependents

Source: Global Demographics, UN,

%

*Proportion of Working Age Population

Adult Literacy Rates: Selected Countries

0102030405060708090

100

Ger

man

y

Japan US

Taiwan

Thaila

nd

Mex

ico

China

Source: UNESCO

%

Spending on Education as Percentage of GDP

0123456789

Sweden

Canada

France

Malaysia US

UKJapan

Korea

Germany

India

China

%

Source: UNESCO

Share of Agriculture in GDP

0

10

20

30

40

50

60

Tanzania

India

China

Malaysia

Mex

icoKorea

JapanUK US

Germany

%

Source: World Bank

Share of Industry in GDP

0

5

10

15

20

25

30

35

40

45

China

Russia

Taiwan

Japan

Germany

KoreaBra

zil

Mex

ico UK US

CanadaIn

dia

Norway

%

Source: World Bank

Energy Use Per Capita: 1998

0

1000

2000

3000

4000

5000

6000

7000

8000

9000

Brazil

CanadaChin

a

Germany

India

Japan

Mex

ico UK US

Source: World Development Indicators

Kg. Of Oil Equivalent

Power Consumption Per Capita: 1998

0

2000

4000

6000

8000

10000

12000

14000

16000

Brazil

CanadaChin

a

Germany

India

Japan

Mex

ico UK US

Source: World Development Indicators

KwH

Television Penetration: 1998

0

100

200

300

400

500

600

700

800

900

Brazil

CanadaChin

a

Germany

India

Japan

Mex

ico UK US

Source: World Development Indicators

TV sets per 1000 people

Science & Technology

0500

100015002000250030003500400045005000

Brazil

CanadaChin

a

Germany

India

Japan

Mex

ico UK US

Source: World Development Indicators

Scientists & Engineers per Million People

Computers per 100 Inhabitants

05

101520253035404550

US

Singapore

Sweden

Canada

Germany

UKJapan

Taiwan

Mex

icoBra

zil

China

Source: ITU, Milken

Communications: 1998

0

100

200

300

400

500

600

700

Brazil

CanadaChin

a

Germany

India

Japan

Mex

ico UK US

Source: World Development Indicators

Telephone Lines per 1000 people

Crowding or Persons Per Room

0

0.5

1

1.5

2

2.5

3

Brazil

CanadaChin

a

Germany

India

Japan

Mex

ico UK US

Source: UN

Urban Housing Space Per Capita: 1993

0

5

10

15

20

25

30

35

40

45

Brazil

CanadaChin

a

Germany

India UK

Source: World Development Indicators

Sq.M