The Rise Of The Underdogs...!
Figure1 The four pillars of the knowledge economy:
Did you know that China and India are emerging as serious threats to the already established economic superpowers like the US, UK, France, Germany and Japan or, simply put, the G5? Did you know most emerging countries have a growth rate of 13% per annum as compared to a meagre 3% for their more illustrious counterparts? Well, there's a lot more to be learnt!
A few eye popping facts about a world you never knew existed. A world where the Yuan is potent enough to give Uncle Sam and his Dollar some serious headache. Read more to know more...
It's a fact that as compared to developed countries, emerging economies are much smaller. However, they are opening up and growing at a faster rate, thus leading to better and greater investment opportunities than ever.
A Comparative Analysis Of GDPs:-
Nominal GDP compare different countries which are using current exchange rates to give an assessment of their target within the world market. GDP or Purchasing Power Parity tries to take into account that one dollar can buy less in one country and more in other country. It is a better measuring device of the internal size of the market.
In the nominal method of calculating GDP, it is seen that developed countries lead the list, however, China has also entered into this list.
In the nominal GDP method, we can see that the developed world leads the pack, but that China has already broken into this exclusive club.
One of the most important factors of these economies is growth rate and is directly associated to the overall development of a particular economy. Group of seven countries like the France, United Kingdom and the United States of America all show smaller rate of growth commonly, in the region of about three percent annually.
Figure2 Gross Domestic Product:
In Brief, emerging or developing economies such as China and India have shown growth rates of eight to twelve per cent while new emerging economies of the world may experience even higher blistering growth rates. Most of the developed countries have reached a point of saturation and therefore expand less than emerging economies where opportunities and possibilities are ripe, consumers are demanding more goods and services and investors are ready to invest larger capital.
The time is right to make some sound investments in these developing economies and reap sizable rewards in times to come. The global economy is experiencing a new revolution altogether. The Rise of the Underdog has taken a new meaning altogether.