PwC's Macro Consulting team has developed a tool to map future clusters across the world. This report uses this tool to highlight the geographical locations that will host the largest clusters in five industries: Pharmaceuticals; Automobile assembly; Asset management; Filmed entertainment; and Tertiary education. The expected top locations in 2025 and 2040 are disclosed for each of these sectors highlighting key trends for the industry and how the new economic order will influence future geographical winners.
Selected findings from the report
In asset management PricewaterhouseCoopers expect the existing large clusters in New York, London and Boston to be joined by Singapore, which may become the leading cluster in the Asian region. Tighter regulation and higher taxes are currently working against clusters in the United States and Europe but the key factor will be the increase in public and private capital available in Asia – which will fuel growth in asset management in the region.
In the filmed entertainment sector Los Angeles, or Hollywood, has been the dominant cluster for many years and is the most globally recognised centre for film and television production. PwC expect Hollywood to retain this position up to 2040, however, it will face growing competition from rising film production clusters around Mumbai and Shanghai which are increasingly moving into mainstream productions.
Click here to read the full report
Photo from Creative Commons: Flickr: Jimmothy05
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