Showing posts with label United States. Show all posts
Showing posts with label United States. Show all posts

Monday, April 1, 2013

Global Development Horizons 2011

Amidst the transformative change that the global economy is witnessing, it is anticipated that within the next two decades the rise of emerging economies will inevitably have major implications for global economy and geopolitics. The world bank argues that a new world order with a more diffused distribution of economic power is emerging. B&E analyses the shift towards multipolarity.

The new Growth Poles

Over the course of two millennia, there have been several instances of shift in global economic powers. The period of China’s Tang dynasty to the Ming dynatsy (600-1600), saw to it that China was the dominant force in the global economy accounting for a quarter of the global growth. The Renaissance phase coupled with the advent of the industrial revolution saw the coming of age of the European economies (e.g. Italy, Spain, France , Great Britain). Post World War II, innovation and consumer demand propelled the United States to the position of world’s foremost economic power with Germany, Japan and the former Soviet Union playing pivotal roles. Post the financial crisis of 2008-09, the global economy is tilting towards new growth poles.

Dynamics of Growth Poles

In the wake of the financial crisis, the global macro-economy is apparently poised to follow a two-track course. Considering the baseline scenario, the World Bank estimates that the emerging economies’ share of global output will expand in real terms from 36.2% (in 2010) to 44.5% by 2025. A closer scrutiny reveals that China will lead this impressive rise in share of global output. What is interesting to note is the fact that despite the demography driven changes (the old age dependency ratio in China is expected to double between 2010 and 2025), China will be able to maintain its comparative advantage in manufacturing. Consistent with historical productivity trends, India’s annual growth in 2025 will be 5.4%.


Source : IIPM Editorial, 2012.
An Initiative of IIPM, Malay Chaudhuri
and Arindam Chaudhuri (Renowned Management Guru and Economist). For More IIPM Info, Visit below mentioned IIPM articles
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Friday, October 26, 2012

GEOPOLITICS:HILLARY CLINTON

Hillary Clinton visits India and tells Delhi that Barack Obama too is good for business

Taking the focus away from terrorism – and telling India that Pakistan was taking steps to counter terror – Hillary stuck to the traditional US policy on maintaining equidistance in South Asia. Instead, she focused on key environmental issues by asking India not to repeat American mistakes in contributing to global pollution and by passionately defending US demands for help in fighting terrorism. “We acknowledge now with President Obama that we have made mistakes in the United States, and we along with other developed countries have contributed most significantly to the problem that we face with climate change. We are hoping a great country like India will not make the same mistakes.” She was referring to Obama’s statement in Italy that the US had “sometimes fallen short” of its responsibilities in controlling its carbon emissions.

Nonetheless, terror is too important to ignore and Hillary cast India and the United States as allies in the fight against terrorism. “Yesterday’s bombings in Jakarta, Indonesia, provide a painful reminder that the threat of such violent extremism is still very real. It is global. It is ruthless. It is nihilistic and it must be stopped,” she said. Equally, her trip was about reassuring India that the Obama administration meant well. India’s foreign policy establishment has been a little suspicious of the US President’s intentions in areas that matter, like Kashmir, Afghanistan-Pakistan, non-proliferation, outsourcing and climate change. Experts’ hope that Obama continue from where George Bush left.


Source : IIPM Editorial, 2012.

For More IIPM Info, Visit below mentioned IIPM articles.
 
IIPM : The B-School with a Human Face
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