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EMERGING POWERS - Coggle Diagram
EMERGING POWERS
EMERGING POWERS
EMERGING POWERS will be incresinly important to economics and polits on the world
dominance like USA will decline
CHINA rival to USA current hegemony
it has:
huge human resources
economicaly grown massivly since 1990 no signs of slowing down
incresinly engaded with other parts of the world eg africa in terms of natural resources
military ambitions to buid a blue water navy betonf its coasts
CHANGE
BRICK and G20 could be increasingly more powerful
Europe and USA share of world GDP = declining since 1945
china and india are becoming increasinly significant to global economy
NEAR FUTURE FOR EMERGING POWERS demand more say in global organistantion eg UN
more influence over global finance decisons- world bank IMF and WTO
greater role in international poeace keeping missions and distater responce as military caacity grows
BRIC 47% global co2 emissions global environment agreement to tackle climate change needs to involve these countries
UN climate change conference in paris in 2015 BRIC were involved in agreement
DEVELOPMENT THEORY
MODERNISTAION THEORY
w,w Rostow
take of model
suggests economic development only begins with certain pre condtions are met:
modern infatructure
education
banking
effective governing
DEPENDANCY THEORY
A.G.Frank
relationship between developed and developing country's is one of dependence
prevents developing countries from making economic progress
meo colonial mechanism and a net transfer of wealth from developing to developed world are responsible
WORLD SYSTEM THEORY
Immanuel Wallersteirn
global system of core semi periphery and periphery nations
semi periphery are emerging some of which are economic super powers
good fit to cutternt pattern of development emerging and developing countries
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TRENDS
aging pop - major problems in future, costly healthcare, work force shrinks (Russia Japan EU countries China)
shortage of physical resources - derail ambitions of some countries (india)
growing pollution - stall growth (china)
modern infrastructure balanced economies and good energy supply - do well (china, brazil, mexico)
GROWTH engage with rest of the world become leaders on issues such as global security, fight against terrorism, natural distaste, global warmer
China has failed to do this