No Ordinary Disruption

Question 1

According to the authors, what are the four great disruptive forces?

Answer 1

Shifting locus of economic activity and dynamism to emerging markets like China into cities within those markets, acceleration in scope scale and economic impact of technology, demographics the human population is getting older, degree to which world is much more connected through movements capital and information

Question 2

What is the underlying trend at work that is supporting and enabling the developing world?

Answer 2

Urbanization

Question 3

Over the last three decades, how fast have global cities been growing?

Answer 3

65 million people per year over the last three decades. Equivalent to the entire population of the UK

Question 4

How many more people this China’s government foresee moving to China cities?

Answer 4

100,000,000 by 2020

Question 5

Between 1990 and the year 2025 how many people around the world are set to become members of the consuming class?

Answer 5

3 billion

Question 6

What is the definition of the consuming class?

Answer 6

Having disposable income of greater than $10 a day

Question 7

Technology and globalization have done what according to the authors?

Answer 7

Accelerated and intensified the natural forces of market competition

Question 8

According to the authors, the benefits of cities are what?

Answer 8

Productivity gains through economies of scale, specialization of labor, knowledge spill over and trade

Question 9

Today, large company focus has been where and what does this equate to in terms of world GDP?

Answer 9

Developed economies and megacities equating to approximately 70% of world GDP

Question 10

By 2025 how much will developed economies and megacities contribute to global GDP?

Answer 10

Approximately one third with 48 cities in developing nations generating approximately one half of global GDP

Question 11

Cloud computing will spur growth of new business models that are what?

Answer 11

Asset light, flexible, highly mobile and scalable

Question 12

How is digitization changing the world?

Answer 12

Converting physical goods to virtual goods, enhancing information content of many of our routine transactions enriching them and making them more valuable and productive, enabling online platforms to facilitate production and transaction and allow minnows to compete head-to-head with sharks

Question 13

How long did it take for Alexander Graham’s telephone to penetrate half of American homes?

Answer 13

50 years

Question 14

How long did it take radio to attract 50 million listeners?

Answer 14

38 years

Question 15

How long did it take for half of all Americans to acquire a smart phone?

Answer 15

Five years

Question 16

How long did it take Facebook to achieve 600 million users?

Answer 16

Five years

Question 17

How many people were online globally in 2013 and how many are expected to be online by 2018?

Answer 17

2.5 billion and 4 billion by the year 2018

Question 18

What is the definition of consumer surplus?

Answer 18

Lower costs, better products and improved quality of life

Question 19

What has led to the improvement and life expectancy in the working age cohort

Answer 19

Improvements in vaccinations, declining infant mortality in the absence of massively destructive world wars

Question 20

The combination of an aging population and fertility falling sharply will lead to what at some point in the next decade?

Answer 20

The world population will plateau for the first time ever

Question 21

What are the fertility rates needed to replace each generation in both developed and developing economies?

Answer 21

2.1 and 2.5

Question 22

Based on current trends and definitions, the annual growth rate of the global labor force is set to a weekend from what level in 1990-2010 to what through 2030?

Answer 22

1.4% to 1%

Question 23

What are two important trends and characteristics of an aging demographic?

Answer 23

First, they grow more cost conscious as they transition towards retirement and second, seniors typically reduce their spending on their housing, food away from home, and apparel, and increase spending on food at home, medical services and electronics

Question 24

Emerging economies now account for ___% of all good flows, and ___% of those go to other emerging economies. This is know as what?

Answer 24

40%, 60% and south-south trade

Question 25

Whereas historically traded goods consisted of labor-intensive products shipped from low-cost manufacturing locations and commodities, today trade in knowledge-intensive goods like pharmaceuticals, semiconductors and aircraft make up nearly ___% of total value?

Answer 25

50%

Question 26

Trade in knowledge-intensive goods is growing ___% faster than trade in labor-intensive goods such as apparel and toys

Answer 26

30%

Question 27

What is one of the new characteristics of immigration?

Answer 27

That movement between developing regions has grown faster than immigration from developing to developed countries

Question 28

Approximately how much of the planet is online?

Answer 28

About one third.

Question 29

What is approximate internet penetration in Africa?

Answer 29

~16% of the entire continent, w/ 25% of the urban population going online daily