These radically changing patterns in expectations, population and wealth will continue to create political and economic instabilities. Governments in both the developed and the developing world will have no option but to continue to levy high taxes to meet these expectations and the associated costs of providing new and improved infrastructure. Today, substantial new wealth is being generated in Asia and South America. This trend is likely to continue well in to the next century. Today's high net-worth individuals are much more demanding and financially sophisticated than those of a decade ago.
Immigrants are individuals who have moved from one country to another.
Expatriates are individuals living away from their home countries, and who express a desire to return there some time in the future.