The global economy is currently undergoing a major transformation in terms of economic structure, power, and influence. Economics that are commonly called “developing market markets” seem to finally appear and come alone in terms of their contribution to global economic and financial activities. International companies and landscaping and even forms of international financial systems when they redefine the international economy have become more important to understand with this phenomenon of engenders, both for the main developing economy at the forefront of this change, as well as for them, especially the economy that is mostly developed Fringe. The phenomenon of transferring growth drivers is not a new one, at least from the perspective of global economic history.
What seems to be really different this time is the importance of unprecedented from developing countries at the top of this change. Economies such as China & India are increasingly assuming the importance of global growth images to developed countries such as the US and Japan. From the main main components of trade, finance, and technological technology freaked technology measured in the form of a constant dollar, normalized to the maximum and minimum full period. What is translated into the increasingly multipolar world, and will only continue to be in the future. In fact, from the perspective of the relative economic size, the world is more multipolar now than in the 60s, and larger diffusion trends will continue to the future of course up to 2025.
However, what is important to be recognized here is that the distribution of more scattered global economic activities does not need to imply a more balanced distribution of relative shares of the growth contribution that falls from the 1970s, but we live in the middle. From what seems to be a nadir.
When we left the 2007/2008 financial crisis, consolidating economic growth coupled with the increase in the size of the economy of the power that emerged as China and India meant that the world actually retreated from multigliberity in the growth contribution we saw today. Now, while some have been framed with a transition in the language of competition and in the context of developed countries this change must be truly thought more in terms of how global distribution of world activities and the influence is now less concentrated. Therefore, the story is not so much decrease in advanced economy or the economy that appears possible. But sharing more balanced extraordinary benefits that come with economic growth.
Enter in the other direction, this is a type of economic convergence in the output and income that has long been dreamed of economy and which has been difficult to understand and is now very close to realized at least for the largest developing countries.
The future held by multipolar world for developing countries is the front line of all multipolarity phenomena, their greater involvement in the future of the global economy means that the diversification of greater growth activities is translated into a better world in terms of equality.