25 | PwC’s 21st CEO Survey Ehiit 13 On the larger issue of whether we are “The visible effects of rising income CEOs are divided over whether economic headed into a period of widespread growth inequality have been driving a wave of benefiting the many or concentrated growth populist sentiment,” notes global thought growth will benefit the many or the few benefiting only the few, the jury is still out. leader Michele Wucker. “Many people feel Q ConsŠerŠnŒ t‹e ˜ollowŠnŒ oosŠnŒ olŠtŠcal, econo…Šc, an trae trens, lease select t‹e one ou belŠee t‹e worl CEOs are evenly divided. Most Asia-Pacific that big, multinational corporations and Šs …oŠnŒ …ore towars CEOs (56%) do not see global growth the ultra-rich are getting more than their becoming more concentrated and benefiting fair share. But many also blame the bottom oncentrate† economic ‘ro‡th €i†esprea† economic ‘ro‡th the few, whereas CEOs in the Middle East of the pyramid. Most of the benefits of enefitin‘ ˆe‡er people enefitin‘ more people (62%), Africa (60%), and Central & Eastern globalisation have gone to the top and to the 46% Global 48% Europe (58%) do (see Exhibit 13). (Of note: bottom earners, hollowing out of the middle. Among the regions of Africa, the Middle You can’t talk about globalisation without 62% šŠle East 31% East, and Central & Eastern Europe, only addressing the brewing resentment of the one country is among the top 10 markets for middle and upper middle classes, the mass 6% A˜rŠca 39% global investment according to our survey market for most companies’ goods.” 58% CEE 37% [see Exhibit 4, where Russia is No. 10], which could account for these regions’ pessimism.) 51% —estern Euroe 45% 49% •ort‹ A…erŠca 49% 47% ”atŠn A…erŠca 51% 35% AsŠa†PacŠfic 56% Source: PwC, 21st Annual Global CEO Sure