Why are We Crying?

The world as a whole is living an historic era of wealth creation when we walk ahead riding the new wave of the revolution of technology and information.



The chart above (click to enlarge) shows the total capitalization of the world's stock markets, measured in trillions of US dollars, from Global Financial Data.

During the 19-year period between 1980 and 1999, there was increase in world stock market value of $32.25 trillion, to about $35 trillion. In just the 5-year period between 2002 and 2007, there has been an increase in world stock market value of almost $35 trillion.

Bottom Line: There has been as much global wealth (measured by stock market value) created in the last 5 years ($35 trillion), as was created during the thousands of years it took to create the first $35 trillion (1999) of wealth. Not a bad record for globalization and the significant amount of wealth created in its wake.