On June 23, Industry Week Magazine will host a New World Economics webinar. In this webinar, I will explain our company’s new metric of economic power. The components of the metric are the strength of economic growth, the durability of economic growth and the benefits of economic growth. All regions of the world and major countries within each region are ranked by each component of the NWE metric. The most economically powerful regions and most economically powerful countries within each region are revealed.
Key takeaways include the shift of global economic power towards Asia, relative demographic advantages in Africa and the Middle East and Eurozone weakness. I will discuss the impact of the pandemic on the balance of global economic power. I will also discuss NWE’s power metric as an input for corporate decision making on location, supply chain and workforce.