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Asia-Pacific should use its increasing wealth more productively

More investment in intangible assets will help recalibrate the region's economy

| China
Qianhai business district in Shenzhen, pictured in May 2021: China has had the biggest expansion in its net worth,   © VCG/Getty Images

Jonathan Woetzel is a senior partner with McKinsey in Shanghai and a director of the McKinsey Global Institute; Joydeep Sengupta is a senior partner with McKinsey in Singapore.

The world is wealthier than ever before, with its net worth tripling from 2000 to 2020.

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