Emerging economies are changing the way we see world politics and challenging older ideas in some interesting ways:
Economic Power: By 2025, countries with growing economies are expected to make up 50% of the world’s GDP. That's a big jump from 38% in 2010! Countries like India and Brazil are on track to become some of the biggest economies by 2030.
Population Changes: Emerging economies, especially in Asia and Africa, have a population of over 5 billion people. That’s about 60% of everyone in the world! This change in population affects jobs and what people buy.
Technology Growth: Countries like China are spending a lot on new ideas and technology. In 2020, their spending on research and development was $413 billion! This makes them leaders in tech and changes the traditional balance of power.
Control of Resources: Emerging economies are also important in global resources. They hold about 40% of the world's oil reserves and have a lot of important minerals. This affects discussions about energy security and how trade routes work.
Regional Partnerships: Groups like BRICS and ASEAN show that power is spreading around the world, rather than just being in the West. This creates new and different ways to understand global relationships.
These changes show that we need new ways to study global politics.
Emerging economies are changing the way we see world politics and challenging older ideas in some interesting ways:
Economic Power: By 2025, countries with growing economies are expected to make up 50% of the world’s GDP. That's a big jump from 38% in 2010! Countries like India and Brazil are on track to become some of the biggest economies by 2030.
Population Changes: Emerging economies, especially in Asia and Africa, have a population of over 5 billion people. That’s about 60% of everyone in the world! This change in population affects jobs and what people buy.
Technology Growth: Countries like China are spending a lot on new ideas and technology. In 2020, their spending on research and development was $413 billion! This makes them leaders in tech and changes the traditional balance of power.
Control of Resources: Emerging economies are also important in global resources. They hold about 40% of the world's oil reserves and have a lot of important minerals. This affects discussions about energy security and how trade routes work.
Regional Partnerships: Groups like BRICS and ASEAN show that power is spreading around the world, rather than just being in the West. This creates new and different ways to understand global relationships.
These changes show that we need new ways to study global politics.