Targeting just GDP growth is increasingly a thing of the past. To achieve their growth goals sustainably, investors must take a broader view and incorporate development considerations when assessing investible opportunities.
The way of defining economic success has evolved over time and the old way of relying on quantitative metrics is becoming outdated. Increasingly, people are looking beyond headline GDP numbers and demanding an economic model that is fairer, more inclusive and sustainable.
To capitalise on this shift, investors need to think in terms of economic development rather than growth. Development puts in place the foundations on which long-term, high-quality economic progress can be achieved.
This shift in mindset is increasingly important in reshaping how the world thinks about investment opportunities and is enabling investors to differentiate long-term winners from losers.