KUALA LUMPUR, Nov 29 (Bernama) -- The 21st century will be shaped by Millennials who have become the largest demographic group on the planet which 58 per cent from the numbers located in Asia Pacific, according to a futurologist, Rocky Scopelliti.
Scopelliti in his new book -- Youthquake 4.0 - A Whole Generation and The New Industrial Revolution -- stated Chinese Millennials wallet size has surged to exceed, held by the average Chinese adult population by 16 per cent.
The book published globally by Marshall Cavendish, deconstructs contemporary global issues, super-charged by the impact of Millennials influence and the 4th Industrial Revolution, a statement from Youthquake said.
“The share of Millennial-controlled global wealth in Asia Pacific has reached 45 per cent, exceeding the America’s by 22 per cent and Europe, Middle East, Africa by 14 per cent. The amount will double to US$35.3 trillion by 2020,” said Scopelliti. (US$ 1 = RM4.19)
“To put this into perspective, by the same time, US GDP is projected to be only US$22 trillion and Eurozone US$13 trillion. Chinese Millennials are the first in Asia to become the most valuable demographic group and an economic force to be reckoned with” added Scopelliti.
Among the investments in emerging technology breakthroughs including areas of artificial intelligence, robotics, the Internet of Things (IoT), autonomous vehicles, 3D printing, biotechnology, nanotechnology and blockchain are laying the foundations of the Asian century.
More than 150 boards and leadership teams including Fortune 100 companies seek Scopelliti’s strategic advice annually. More details on http://youthquake4.com.
-- BERNAMA
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