Reactions to the Pace of Change

Appendix with diagramsMil43413937353331292725Number of passengers USA-Europe, 1992-1999This diagram shows passenger traffic between the US and Europe. The annual growth rate is in per cent and shows that from 1992 to 1993 the number of passengers went up by 5,2 %.It is possible to deduct two things from this diagram:1) It is very clear that the number of passengers is increasing (28-42 mil)2) The annual growth rate is also increasing, i.e. the development is accelerating.Source: International Aviation DevelopmentsAnnual growth rate5,2% 5,0% 5,6% 7,0% 9,4% 9,9%1992 1993 1994 1995 1996 1997 1998Diagram 2GNP per capita in US$ Year 0 – 199525000The World20000The Western World15000The Rest of the World10000500000 500 1000 1500 2000Diagram 3Source: Angus Maddison: “Monitoring the World Economy,” 1995, and Marc Faber: “The Gloom, Boom & Doom Report,” 1999Mil.DKK25000GNP per capita in 1990 US$Denmark France the US India Japan200001500010000500001820 1870 1900 1913 1950 1973 1992Source: The OECD, Monitoring the World Economy, 1820-1992Diagram 4: Economic Growth30 R E A C T I O N S T O T H E P A C E O F C H A N G E