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Over the course of the next 25 years, it is estimated that nearly
eighty percent of global economic growth will originate in
previously poor places. Large countries with burgeoning populations
such as China, India, and Brazil have economies that have
exponentionally grown over the last few decades, and projections
indicate that they will continue to do so for some time to come.
While the challenge that this 'rise of the rest' poses to the
United States' current economic hegemony has risen concern amongst
economists and businesses. In The Coming Prosperity, Philip
Auerswald argues that the introduction of the majority of the
world's population into the global economy should be considered a
source of opportunity. As technology spreads and communication
between populations improves, more people will have a greater
opportunity to create economic value for themselves and society
than ever before. Auerswald asserts that the success of integrating
developing populations and societies into the global economy lies
with the entrepreneur. Inventors, innovators, and the creators of
new ventures form the basis for future economic prosperity, and in
the developing world, where new technologies and global knowledge
networks are being introduced, the opportunities afforded to
entrepreneurs are rapidly becoming available. Auerswald links
personal, social entrepreneurship narratives with a more global
movement, in which developing economies are not threats to the
world's stability, but rather unique opportunities to discover new
pathways toward progress and the coming prosperity.
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