Accelerating Industrialisation

A Goldman Sachs report highlights the quickening pace of industrialization worldwide.It states:

That the pace of development in today’s emerging economies is accelerating, intensifying the speed with which the associated changes in demand in those economies occur.The result is said to be a “compressing of the development process, with unprecedented levels of infrastructure investment squeezed into a shorter timeframe than occurred in already-developed economies, followed by a more rapid transition into consumer economies.”