Global Perspective, Local Focus
At KDC, we keep a global perspective on the economic and political developments
in the world around us.
At the end of the Cold War, the world changed profoundly. After nearly a century of
warfare the long-lasting bastions of political thought that defined the 20th centurie
have been dismantled. Instead of war and military rivalaries, the nations of the world
started trading with each other. That is globalization. The old world order
no longer applies, in this brave new world. In terms of historical parallels, globalization
presents a fundamental shift that can only be compared to the Industrial Revolution
or to the Renaissance. Globalization is indeed one of the greatest milestones
of modern history.
In the first decade of the 21st century, it quickly became very obvious that the new
center of economic gravity of the world is Asia, no longer North America and Europe.
Asia is the new melting pot, attracting the brightest minds and talent with its
seemingly unlimited opportunities. Asia is in the world economy what the United States
was in the second half of the 19th and first half of the 20th centuries. Today,
Asia has the fastest growing middle class, The new global middle class in China,
India and Brazil have propelled their respective economies to the same size as those
of the G7 countries. By 2050, the BRIC countries are forecast to account for nearly
half of the global GDP, far surpassing the G7. Moreover, within this decade,
the middle class in Europe and North America will be less than a third of the world's
total. The Brookings Institution estimates that there are 1.8 billion in the middle
class, which will grow to 3.2 billion by the end of the decade. Asia is almost entirely
responsible for this growth. Its middle class is forecast to triple to 1.7 billion by 2020.
By 2030, Asia will be the home of 3 billion middle class people. It would be
10 times more than North America and five times more than Europe.
This growth inevitably translates to energy needs; exploding energy needs. Not only
does the rapidly growing global middle class buys automobiles, the lion share of the
energy consumption increase will come from the infrastructure required to support it:
heating, air conditioning, public transportation, shopping centers, airports etc.
This infrastructure requires electricity, natural gas and diesel not only for its
operation but also for its construction.
At KDC, we embrace globalization. We take advantage of our vast and unique network
of business contacts, which covers every continent, to build lasting business relationships.
We focus our business in several principal fields:
- Energy (coal and oil and gas upstream and downstream)
- Real estate
- IT strategy
At the same time, we do not forget humanitarian causes. We strive to help those who
are being left behind by this new world order. Operating in a number of countries
allows us a unique perspective. In several countries in subsaharan Africa and
Southeast Asia, we organize and support charitable organiations and devote our
time to teach and educate.
Images by Renjith Krishnan and Khun Aspix, licensed through DigitalPhotos.net.