The new world order will be created by the Chinese, Indians and Russians.
As the latest IMF report showed, there has been a major shift in the global economy. Developed countries are weakening, while developing countries are getting stronger. The United States is no longer the first economy on the planet. The first in terms of GDP, calculated on PPP, was China, and India overtook Japan. And Russia is right there.
In the newspaper "Russia & India Report" Columnist Rakesh Krishnan Simha said that developed countries are lagging behind in terms of economic indicators to developing countries. The definitions themselves - “developed” and “developing”, thus, can already be questioned.
As the analyst writes, the IMF annual report confirmed: the future belongs to BRICS. As for the strength of Western economies, it decreases even faster than previously thought. The report of the International Monetary Fund clearly shows: the global economic landscape has changed dramatically.
According to the IMF, China in the global economy took the lead and “overthrown” the USA, which previously occupied the place of the first economic power on the planet.
India came in third place, ahead of Japan. In the top ten are also Germany, Russia, Brazil, France and Indonesia. Closes the top ten UK. In the list of 10 best countries - four BRICS countries, exclaims browser.
He further notes that with a nominal calculation in US dollars, China’s economy will still be smaller than the US economy, expressed in the same dollars. However, when recalculating at purchasing power parity (PPP), Chinese GDP will be 17.600 billion dollars, and US GDP at the same PPP - 17.400 billion dollars.
In this case, the analyst notes that the calculation of PPP gives us a "more realistic picture of economic activity." This is a more accurate way to compare the size of economies. Exchange rates are, in essence, a hoax.
(By the way, earlier this same author compared BRICS with David and the West with Goliath, hinting at the future if not the victory, then the leadership of developing countries in the global economy.)
Comrade Rakesh Krishnan Simha notes that the rapid weakening of Western economies compared to those of developing countries "surprised everyone." The key word is “fast.”
The author recalls that in the 1990 year, when the Soviet Union was on the verge of collapse, the West triumphed, claiming the aggregate GDP of the G7 countries to 12 trillion. dollars. This was more than the GDP of the seven largest developing nations today - China, India, Russia, Brazil, Indonesia, Mexico and South Africa. However, by 2013, the same seven states had an aggregate GDP of 3 trillion. dollars more than G7 countries.
China has generally risen against all forecasts. Most recently, in 2005, its economy was less than half the US economy. The National Intelligence Council, which oversees the American intelligence community, predicted that China would only overtake the US by 2020.
As for India, its rise is not far off. The only thing that stops India from growing at an unprecedented rate, the percentage of 10-15 per year is ... India itself, the Indian author sneers. Nevertheless, the Citi Group is predicting the rise of India to the 2050 year to the value of the first economy on the planet. That is, the country will overtake China. According to the Citi Group forecast, by this time India will become the world's largest economy with a GDP of 85 trillion. US dollars in 2050 g. GDP will be 80 trillion. dollars will be ranked third with a GDP of 39 trillions of dollars.
Further, the author goes to Russia.
Russia overtook Brazil and only a few tens of billions of dollars behind Germany. In fact, the analyst notes, the restoration of Russia is "the most spectacular." Especially if you remember how the Russian manufacturing sector collapsed in the 1990's.
Raised in the article and the theme of the new world order.
The geopolitical "hierarchy" on the planet has remained unshakable since the Second World War. Will it now?
The author recalls that both the United Nations, the IMF, and the World Bank are all in the reform stage.
Recently, Indian Prime Minister Narendra Modi stressed that 1.200.000.000 Indians are inadequately represented in the UN. This is the case: it’s ridiculous that the United Kingdom and France are members of the UN Security Council, while India, Japan and Brazil are not included.
Quotas in the IMF are even more surprising. The USA has a large share in 16,7%. At the same time, China has 3,8% - even slightly less than Italy, which has one-fifth of the Chinese economy.
And financiers understand these problems.
IMF Managing Director Christine Lagarde believes that America’s refusal to ratify reforms, that is, to increase its stake in the Fund of China, India and other developing countries, means threatening the future of the IMF. The quota reform, which began to be talked about in the 2012 year, “has matured in the 2014 year,” Lagard told 9 in October at a press conference.
Finally, Rakesh Krishnan Simha told about Western "affection."
The latter seems to him far more noticeable than the economic recession of the West itself. For example, a recent survey by the Pew Research Center showed that only 28 percent of US citizens believe that the American people are "exceptional or greatest."
Analysts today are talking about the collapse of the "imperial state", the impossibility further "to impose their will anywhere in the world" and even the impotence of the United States as the "supposed world superpower."
Simha adds to this that once the United States is the “engine of the Western alliance,” their weakening has a “domino effect” on the remaining West, and on the “vassals” too - for example, Saudi Arabia, the United Arab Emirates, Qatar, Kuwait, Georgia Pakistan and so on.
As a result, the new world order will be created not by the developed countries, but by those that today belong to the developing ones. “Critical mass” for “laying” the foundation of a new order will be with them. These countries will be independent of the international order previously established by the West.
No, the states of the West will not turn into herbivores. They simply lose their absolute power. Attenuation will be only relative, the analyst indicates. Indeed, in general, the quality of life, for example, in the United States and Europe, is much higher than in China or India. In addition, Western transnational corporations control the “fatty piece” of world production, and Western universities attract hundreds of thousands of students from developing countries. Silicon Valley and Western innovation processes really have no equal.
And yet the days when the West was the undisputed leader and could dictate its policy to the planet are gone.
Every year, China, India and Russia become richer, and militarily - more powerful. The gap in living standards is rapidly closing. By 2050, the top 10 of the largest economies will include new entrants - Egypt, Mexico, Nigeria. And in this ten, only the United States will represent the West. Welcome to the multi-polar world, the author sums up.
Thus, let us add on our own, it finally became clear: the economic forecasts that were issued by the Western economic community over the past few years did not materialize. From about the year 2009, American economic "gurus" predicted to China a quick decline in growth rates and almost a recession - in case he did not carry out "structural reforms." (Russia, by the way, knows well what “structural reforms” are: it took place in the 1990s, when the IMF played almost completely in its economic field, and the former Soviet production was smashed with “genuine passion” by the Chicago boys.) on the advice of Western "specialists", China politely smiled and went on its way. And what do we see? Now the IMF is being reformed ...
In the newspaper "Russia & India Report" Columnist Rakesh Krishnan Simha said that developed countries are lagging behind in terms of economic indicators to developing countries. The definitions themselves - “developed” and “developing”, thus, can already be questioned.
As the analyst writes, the IMF annual report confirmed: the future belongs to BRICS. As for the strength of Western economies, it decreases even faster than previously thought. The report of the International Monetary Fund clearly shows: the global economic landscape has changed dramatically.
According to the IMF, China in the global economy took the lead and “overthrown” the USA, which previously occupied the place of the first economic power on the planet.
India came in third place, ahead of Japan. In the top ten are also Germany, Russia, Brazil, France and Indonesia. Closes the top ten UK. In the list of 10 best countries - four BRICS countries, exclaims browser.
He further notes that with a nominal calculation in US dollars, China’s economy will still be smaller than the US economy, expressed in the same dollars. However, when recalculating at purchasing power parity (PPP), Chinese GDP will be 17.600 billion dollars, and US GDP at the same PPP - 17.400 billion dollars.
In this case, the analyst notes that the calculation of PPP gives us a "more realistic picture of economic activity." This is a more accurate way to compare the size of economies. Exchange rates are, in essence, a hoax.
(By the way, earlier this same author compared BRICS with David and the West with Goliath, hinting at the future if not the victory, then the leadership of developing countries in the global economy.)
Comrade Rakesh Krishnan Simha notes that the rapid weakening of Western economies compared to those of developing countries "surprised everyone." The key word is “fast.”
The author recalls that in the 1990 year, when the Soviet Union was on the verge of collapse, the West triumphed, claiming the aggregate GDP of the G7 countries to 12 trillion. dollars. This was more than the GDP of the seven largest developing nations today - China, India, Russia, Brazil, Indonesia, Mexico and South Africa. However, by 2013, the same seven states had an aggregate GDP of 3 trillion. dollars more than G7 countries.
China has generally risen against all forecasts. Most recently, in 2005, its economy was less than half the US economy. The National Intelligence Council, which oversees the American intelligence community, predicted that China would only overtake the US by 2020.
As for India, its rise is not far off. The only thing that stops India from growing at an unprecedented rate, the percentage of 10-15 per year is ... India itself, the Indian author sneers. Nevertheless, the Citi Group is predicting the rise of India to the 2050 year to the value of the first economy on the planet. That is, the country will overtake China. According to the Citi Group forecast, by this time India will become the world's largest economy with a GDP of 85 trillion. US dollars in 2050 g. GDP will be 80 trillion. dollars will be ranked third with a GDP of 39 trillions of dollars.
Further, the author goes to Russia.
Russia overtook Brazil and only a few tens of billions of dollars behind Germany. In fact, the analyst notes, the restoration of Russia is "the most spectacular." Especially if you remember how the Russian manufacturing sector collapsed in the 1990's.
“It seems that the more the West is trying to oust Russia, the more stable its economy becomes!”
Raised in the article and the theme of the new world order.
The geopolitical "hierarchy" on the planet has remained unshakable since the Second World War. Will it now?
The author recalls that both the United Nations, the IMF, and the World Bank are all in the reform stage.
Recently, Indian Prime Minister Narendra Modi stressed that 1.200.000.000 Indians are inadequately represented in the UN. This is the case: it’s ridiculous that the United Kingdom and France are members of the UN Security Council, while India, Japan and Brazil are not included.
Quotas in the IMF are even more surprising. The USA has a large share in 16,7%. At the same time, China has 3,8% - even slightly less than Italy, which has one-fifth of the Chinese economy.
And financiers understand these problems.
IMF Managing Director Christine Lagarde believes that America’s refusal to ratify reforms, that is, to increase its stake in the Fund of China, India and other developing countries, means threatening the future of the IMF. The quota reform, which began to be talked about in the 2012 year, “has matured in the 2014 year,” Lagard told 9 in October at a press conference.
Finally, Rakesh Krishnan Simha told about Western "affection."
The latter seems to him far more noticeable than the economic recession of the West itself. For example, a recent survey by the Pew Research Center showed that only 28 percent of US citizens believe that the American people are "exceptional or greatest."
Analysts today are talking about the collapse of the "imperial state", the impossibility further "to impose their will anywhere in the world" and even the impotence of the United States as the "supposed world superpower."
Simha adds to this that once the United States is the “engine of the Western alliance,” their weakening has a “domino effect” on the remaining West, and on the “vassals” too - for example, Saudi Arabia, the United Arab Emirates, Qatar, Kuwait, Georgia Pakistan and so on.
As a result, the new world order will be created not by the developed countries, but by those that today belong to the developing ones. “Critical mass” for “laying” the foundation of a new order will be with them. These countries will be independent of the international order previously established by the West.
No, the states of the West will not turn into herbivores. They simply lose their absolute power. Attenuation will be only relative, the analyst indicates. Indeed, in general, the quality of life, for example, in the United States and Europe, is much higher than in China or India. In addition, Western transnational corporations control the “fatty piece” of world production, and Western universities attract hundreds of thousands of students from developing countries. Silicon Valley and Western innovation processes really have no equal.
And yet the days when the West was the undisputed leader and could dictate its policy to the planet are gone.
Every year, China, India and Russia become richer, and militarily - more powerful. The gap in living standards is rapidly closing. By 2050, the top 10 of the largest economies will include new entrants - Egypt, Mexico, Nigeria. And in this ten, only the United States will represent the West. Welcome to the multi-polar world, the author sums up.
Thus, let us add on our own, it finally became clear: the economic forecasts that were issued by the Western economic community over the past few years did not materialize. From about the year 2009, American economic "gurus" predicted to China a quick decline in growth rates and almost a recession - in case he did not carry out "structural reforms." (Russia, by the way, knows well what “structural reforms” are: it took place in the 1990s, when the IMF played almost completely in its economic field, and the former Soviet production was smashed with “genuine passion” by the Chicago boys.) on the advice of Western "specialists", China politely smiled and went on its way. And what do we see? Now the IMF is being reformed ...
Observed and translated by Oleg Chuvakin
- especially for topwar.ru
- especially for topwar.ru
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