PC 9.1: Wealth Across the World

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5 Terms

1
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What may Financial Wealth include and what does it not?

  • May include pension rights

  • Does not include stakes in family businesses

2
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major reasons for substantial economic growth since WW2:

  • Technological breakthroughs

  • International trade

3
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What are the primary sources of wealth creation in many economies?

  • Asset price appreciation

  • Rise in entrepreneurship

4
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  • For North America, Europe and Asia-Pacific:

    • Main drivers of wealth:

    • Local factors:

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5
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  • For Latin America, Middle East and Africa:

    • Main drivers of wealth:

    • Local factors:

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