$118TrillionandCounting:TakingStockoftheWorld’sCapitalMarketsMcKinseyGlobalInstituteTheMcKinseyGlobalInstitute(MGI)wasestablishedin1990asanindependentresearchgroupwithinMcKinsey&Company,Inc.,toconductoriginalresearchonimportantglobalissues.ItsprimarypurposeistodevelopinsightsintoglobaleconomicissuesandreachabetterunderstandingoftheworkingsoftheglobaleconomyforthebenefitofMcKinseyclientsandconsultants.Fromtimetotimetheinstituteissuespublicreports.ThesereportsareissuedatthediscretionofMGI’sdirectoranditsMcKinseyAdvisoryBoardwhentheyconcludethattheinstitute’sinternationalperspectiveanditsabilitytoaccessMcKinsey’sknowledgeofindustryeconomicsenableittoprovideavaluablefactbasetopolicydebates.TheMcKinseyAdvisoryBoardismadeupofMcKinseypartnersfromEurope,thePacificBasin,andtheAmericas.Theinstitute’sstaffmembersaredrawnprimarilyfromMcKinsey’sconsultants.Theyserve6-to12-monthassignmentsandthenreturntoclientwork.MGIalsocommissionsleadingacademicstoparticipateinitsresearch.TheMcKinseyGlobalInstituteisbasedinSanFranciscoandhasapresenceinWashington,DC,NewYorkandShanghai.MGIresearchfellowsarebasedaroundtheworldasneededforindividualresearchprojects.TheMcKinseyGlobalInstitute(MGI)wasestablishedin1990asanindependentresearchgroupwithinMcKinsey&Company,Inc.,toconductoriginalresearchonimportantglobalissues.ItsprimarypurposeistodevelopinsightsintoglobaleconomicissuesandreachabetterunderstandingoftheworkingsoftheglobaleconomyforthebenefitofMcKinseyclientsandconsultants.Fromtimetotimetheinstituteissuespublicreports.ThesereportsareissuedatthediscretionofMGI’sdirectoranditsMcKinseyAdvisoryBoardwhentheyconcludethattheinstitute’sinternationalperspectiveanditsabilitytoaccessMcKinsey’sknowledgeofindustryeconomicsenableittoprovideavaluablefactbasetopolicydebates.TheMcKinseyAdvisoryBoardismadeupofMcKinseypartnersfromEurope,thePacificBasin,andtheAmericas.Theinstitute’sstaffmembersaredrawnprimarilyfromMcKinsey’sconsultants.Theyserve6-to12-monthassignmentsandthenreturntoclientwork.MGIals...