DWD20200409

David's Time With Peter F. Drucker 2020.4.9 The Present Growth Industries But what are the present growth industries——and what can we learn from them? The world's fastest-growing and most prosperous industry in the closing thirty years of the 20th century has not been Information. It has been Financial Services——but Financial Services the like of which did not exist at any earlier time, that is, retail services to provide an affluent, aging population in the developed countries with financial products to provide retirement income. And the demographic changes discussed earlier in this chapter largely underlie these new financial services. The actual trend, that is, the growth of the new “retail finance” and of the new investors, is, however, likely to continue despite the crisis. At least it is likely to continue until developed societies have adapted their retirement systems to the new demographic realities discussed earlier in this chapter. ——《Management Challenges for the 21st Century · Chapter2》(Peter F.Drucker,1999)