<Proctor and Gamble is a fine company but it can only go so far in growth. The engine of growth is technology, no tech growth no economic growth.>
Lim, yes, technology, [meaning electronics, computing, photonic stuff], is where the spectacular growth will occur, because the companies bringing in new things have 6 billion people as potential new customers.
But the real engine of growth is the desire for goods and services of 6 billion people. There are now more humans alive than ever and the growth rate has been huge for 100 years and they are wealthier than ever and increasingly urban dwellers rather than rural subsistence survivors. They are increasingly positioned to take part in economic growth. China and India for example, are ditching the old socialist/communist ways. China's economic growth rate has been huge for 2 decades.
Procter and Gamble has got 6 billion potential customers. Yes, cleanliness is to some extent cultural, but clothes washing, even in a creek, is a popular human activity. When they can afford the mod cons, people will buy them. So even P&G has vast growth prospects.
The engine of growth is huge and young.
They will all want a cellphone because they all want to talk to their friends, family, customers and employers. They all want to know wassup, so they'll all want cyberspace. So yes, the technology companies have the greatest growth prospects [most people now have all the soap they want but few have cellphones].
Mqurice |
