China
It should come as no surprise that China is posed for super
expansive growth in the next decade. The largest population in the world
continues to see rises in household income, which allows them to spend more on
luxury products, which drives large amounts of industrial activity – all of
which require large amounts of steel. Luckily for China, they have large
quantities of iron ore internally, and are in fact the largest steel producer
in the world. Without having to pay larger premiums for steel, they can use
steel to build their nations at a lower rate than other countries.
Vietnam
Vietnam has been considered as a country with a huge
population with not enough income to support industrial growth for far too
long. The country continues to see an increasing demand in cars, and has seen a
sharp reduction in cars per 100 people throughout the country. With a
continuing demand in luxury items, and a high population that has more money to
spend, Vietnam should see a sharp increase in growth in the next ten years.
United Arab Emirates
Dubai seems to have finally caught the world’s attention,
and propelled the city as the unofficial capital of the Middle East. With an
ever expanding demand for oil, and an ideal physical location for trade, the
United Arab Emirates will expect to have a large amount of economic growth for
their relatively modest population size. Additionally, the immigration rate for
the country is the highest in the entire world, and all of which are primarily
wealthy individuals or individuals with high training and skills.
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