The MHEDA Journal - First Quarter, 2015 - (Page 69)

MONEY GLOBAL ECONOMY MATTERS What In The World Is Going On? The emergence of the global middle class I BY STEVE GUGLIELMO AND HERB MEYER n order to manage effectively, you must know what trends are happening, how they will impact the economy and what opportunities they may generate. Presenter Herb Meyer, former Special Assistant to the Director of Central Intelligence and Vice Chairman of the CIA's National Intelligence Council, will discuss key trends in politics, economics and culture on Monday, April 20th from 1:45 p.m. - 3:00 p.m. at MHEDA's 2015 Annual Convention at the JW Marriott San Antonio Hill Country Resort & Spa in San Antonio, Texas. The MHEDA Journal had the opportunity to sit down with Herb and discuss his upcoming presentation. Convention Speaker TMJ: Could you give us an overview of some of the things that you will be discussing at Convention? Meyer: The title of the talk is "What in the World is Going On," and it's a global intelligence briefing. I'm going to give people a glimpse of what the world is going to look like in the next 10, 20, 30 years. At the moment, things are incredibly tumultuous, from the economy to the Ebola Virus to ISIS. What we're going to discuss is what lies on the other side of the turbulence. The most important point I want to make is that the world is emerging from poverty at a rate we've never seen in history. It's the biggest under reported news story in the world. Each year, between 50 million to 100 million human beings emerge from poverty. If this trend continues, within many of our lifetimes, the world will cross a line that has never been crossed before. For the first time in history, the overwhelming majority of the world's population will not be poor. And as the world emerges from poverty, the customer base for every product and service grows at a rate of 50- to 100 million new customers per year. We're seeing the emergence of a global middle class that needs every product and service these companies can provide. TMJ: How are so many people now emerging from poverty? Meyer: We figured it out. Some things you need to be a genius to figure out. Jonas Salk and the polio vaccine for instance. In this case you just need common sense. It's the free market. Property rights, the rule of The MHEDA Journal | First Quar ter 2 015 69

Table of Contents for the Digital Edition of The MHEDA Journal - First Quarter, 2015

MHEDA’s 2015 Board of Directors and Mboa
Lift Atlanta, Inc
Sara Mcmurray, Flow-Rite Controls
Distributor Forecast
Confident Supplier/associate Members Ready for Continued Growth in 2015
MHI Predicts 8-9% Growth for 2015
CEMA Expects Growth
Continued Stability in the Market
Investment Spending Will Drive Growth
What in the World Is Going On?
Quality Lift Trucks Undergoes a Major Succession and Transition Plan

The MHEDA Journal - First Quarter, 2015