IS THIS THE BEGINING OF THE ASIAN CENTURY?
Nazia Vasi
2point6billion.com, March 24, 2008
Does the economic crisis have the strength to turn the world on its head? Actually see the emerging economies of India and China develop into confident nations that will lead the world in the Asian century or will the massive resources and educated talent pool of the United States help it to continue to wield its power in the international league?
It’s a debate with valid opinions on both ends, however numbers tell another story. Economists globally seem to think that emerging economies will come out of this crisis sooner and stronger than the developed economies. Demonstrating their stalwartness, large companies in these economies are already buying more developed world companies then two years ago. Emerging-to-developed market deals represent 47 per cent of the developed-to-emerging total, compared with 23 per cent in the second half of 2006.
Further, while the richest economies are shrinking, the emerging giants are only slowing. The worst global crisis in 80 years is expected to contract the U.S. and Europe’s GDP by three percent and Japan’s by six percent, while the Indian economy is expected to decelerate to five percent and the Chinese economy will slow to seven percent.
That growth gap is destined to reshape the economic future of the world. Goldman Sachs chief economist Jim O’Neill now predicts that the major emerging markets—Brazil, Russia, India and China, a.k.a. the BRICs—could overtake the combined GDP of the G7 nations by 2027, nearly a decade sooner than the forecast in a landmark study a few years back, the Newsweek reported.
(...) [artículo aquí]
Nazia Vasi
2point6billion.com, March 24, 2008
Does the economic crisis have the strength to turn the world on its head? Actually see the emerging economies of India and China develop into confident nations that will lead the world in the Asian century or will the massive resources and educated talent pool of the United States help it to continue to wield its power in the international league?
It’s a debate with valid opinions on both ends, however numbers tell another story. Economists globally seem to think that emerging economies will come out of this crisis sooner and stronger than the developed economies. Demonstrating their stalwartness, large companies in these economies are already buying more developed world companies then two years ago. Emerging-to-developed market deals represent 47 per cent of the developed-to-emerging total, compared with 23 per cent in the second half of 2006.
Further, while the richest economies are shrinking, the emerging giants are only slowing. The worst global crisis in 80 years is expected to contract the U.S. and Europe’s GDP by three percent and Japan’s by six percent, while the Indian economy is expected to decelerate to five percent and the Chinese economy will slow to seven percent.
That growth gap is destined to reshape the economic future of the world. Goldman Sachs chief economist Jim O’Neill now predicts that the major emerging markets—Brazil, Russia, India and China, a.k.a. the BRICs—could overtake the combined GDP of the G7 nations by 2027, nearly a decade sooner than the forecast in a landmark study a few years back, the Newsweek reported.
(...) [artículo aquí]
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