The world is full of unique and diverse cultures, spread out across various countries. But not all of these countries have developed in equal proportion. The United Nations tracks all countries of the world, follows the development of each and places them into four distinct categories. Take a look at the chart below to see the distribution of development across the world.
The most striking revelation is the distribution of developed countries. The overwhelming majority of developed countries are Western nations; the United States, Canada, Western and Northern Europe, Australia and New Zealand. The only two exceptions to this trend are Japan and Israel, both of which are considered developed countries by the United Nations. Both Japan and Israel have benefitted from close economic and political ties with the United States, the largest economy in the world.
At this year's inaugural London Quality Growth Investor conference, Denis Callioni, analyst and portfolio manager at European investment group Comgest, highlighted one of the top ideas of the Comgest Europe Growth Fund. According to the speaker, the team managing this fund focus on finding companies that have stainable growth trajectories with a proven track record Read More