Emerging economies are changing the way power works around the world in some important ways:
Economic Growth: Countries that are still developing, especially in Asia and Africa, are expected to make up more than half of the world's economy by 2030. For example, China is likely to become the largest economy in the world, passing the U.S. around 2028.
Trade Changes: Countries in emerging economies, especially those in the BRICS group (Brazil, Russia, India, China, and South Africa), are handling a larger share of global trade. By 2022, they accounted for about 25% of all trade around the world.
Investment Trends: In 2021, investors put over $1 trillion into emerging economies. This shows that more people believe in these markets and are ready to invest their money there.
Geopolitical Power: Emerging economies are starting to have a bigger say in global organizations. For instance, India is expected to get a permanent seat on a restructured UN Security Council by 2035.
These changes show that the way power and decision-making work around the world is shifting. Countries that have been powerful for a long time need to adjust to this new world where multiple nations share influence.
Emerging economies are changing the way power works around the world in some important ways:
Economic Growth: Countries that are still developing, especially in Asia and Africa, are expected to make up more than half of the world's economy by 2030. For example, China is likely to become the largest economy in the world, passing the U.S. around 2028.
Trade Changes: Countries in emerging economies, especially those in the BRICS group (Brazil, Russia, India, China, and South Africa), are handling a larger share of global trade. By 2022, they accounted for about 25% of all trade around the world.
Investment Trends: In 2021, investors put over $1 trillion into emerging economies. This shows that more people believe in these markets and are ready to invest their money there.
Geopolitical Power: Emerging economies are starting to have a bigger say in global organizations. For instance, India is expected to get a permanent seat on a restructured UN Security Council by 2035.
These changes show that the way power and decision-making work around the world is shifting. Countries that have been powerful for a long time need to adjust to this new world where multiple nations share influence.