Developing world’s rise heralds global shift: UN

The developing world’s rapid growth has sharply cut extreme poverty, created a new middle class and put the economies of Brazil, China and India on a path to overtake the globe’s wealthiest nations, the UN said.

Although developing nations are now driving economic growth, a lack of action on climate change and persistent inequalities could threaten those gains, the United Nations Development Programme said in a study.

via Business feed http://www.scmp.com/business/economy/article/1191362/developing-worlds-rise-heralds-global-shift-un