The World in 2025 (according to the World Bank)

By 2025, six large emerging economies: Brazil, China, India, Indonesia, South Korea, and Russia, will account for more than half of all global growth (up from one-third now), according to a recent report issued by the World Bank.  The report outlined several impacts of this shift, including:

• A new global economic order will need to unfold as the balance of global growth shifts from developed to emerging economies
• Multinationals from emerging markets will be
  increasingly important sources and drivers of global
  investment flows, translating into to greater
  economic influence for developing countries as they hold a greater share of wealth and assets
• A multi-currency regime (e.g. Dollar, Euro, Renminbi) will emerge
  As economic power shifts, the World Bank concludes that these successful economies will help drive growth in lower income countries, through cross-border commercial and financial transactions.

World Bank: Global Development Horizons 2011—Multipolarity: The New Global Economy

This entry was posted on Tuesday, May 17th, 2011 at 7:30 pm. It is filed under Economic Trends and tagged with Brazil, China, Currency, Economic Growth, India, Indonesia, Multinationals, Russia, South Korea, World Bank. You can follow any responses to this entry through the RSS 2.0 feed.