of course, much of the effect of globalisation revolves around money - where it comes from and where it goes. Analysis shows that an increasing share of the world's financial activity is concentrating in the developing world. According to McKinsey Global Institute, "Our research suggests that global capital markets are entering a new era in which the forces fueling growth have changed. For the past 30 years, most of the overall increase in financial depth - the ratio of assets to gross domestic product - was propelled by the rapid growth of equities and private debt in mature markets. Looking ahead, these asset classes in mature markets are likely to grow more slowly, more in line with GDP, while government debt will rise sharply. An increasing share of global asset growth will occur in emerging markets, where GDP is rising faster and all asset classes have abundant room to expand.