In 2025, six significant countries will be counted as six economic forces that contributed over half of world economic growth and the international monetary method, namely Brazil, Russia, India, China , South Korea, and Indonesia. World monetary method is not expected to be pursed in a single currency but on 3 poles, namely the euro, U.S. dollar and Chinese renminbi.
Conditions that will help the transition of economic power that permits countries with low income to maintain growing through commercialization and monetary transactions between countries.
The report shows that creating countries will grow an average 4.7 percent a year between 2011-2025. Although advanced countries is expected to grow only 2.three percent over the exact same period. "The rapid growth in creating countries has encouraged a shift of world economic growth poles. It is distributed throughout the world that have been developed and developing countries. This really would be a multikutub world," said Justin Yifu Lin, World Bank Economist and Vice President for Development of developing countries.
"Multinational market in creating countries become a force to push the global market. It marked the development of South-South investment and capital inflows. International monetary institutions need to adapt to the situation it, "he stated.
0 comments:
Post a Comment