Saturday, November 15, 2014

Big Financial Shift is Coming - Says Former World Bank President James Wolfensohn

James Wolfensohn, former president of The World Bank and CEO of Wolfensohn and Co., addressed Stanford Graduate School of Business students with details about his work at the World Bank during its transition years and how the equation between developed and developing countries is changing.

Wolfensohn claims that in the next 40 years, a global power shift will see today's leading economic countries drop from having 80% of the world's income to 35%.

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