Global Perspective, Local Focus
At KDC, we keep a global perspective on the economic and political developments in the world around us.
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At the end of the Cold War, the world changed profoundly. After nearly a century of warfare, both hot and cold,
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.
However, that is not to say that the new global economy is not without problems. Far from it. Because of
the explosion of communications technology, everything happens more quickly and is more volatile. Moreover,
new blocks are emerging in the world, competing for marketplace and natural resources.
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 with open arms. 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
- Publishing and culinary arts
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.