|||The days of U.S. global economic dominance are numbered. A report recently released by the World Bank predicts that by 2025, a multi-polar world will emerge in which economic clout is spread across developed and emerging economies. --Pereira, Forbes
Transition to a new world order with more diffuse distribution of economic power is under way. This first edition of a new World Bank flagship report, 'Global Development Horizons 2011', focuses on three major international economic trends: the shift in the balance of global growth from developed to emerging economies, the rise of emerging-market firms as a force in global business, and the evolution of the international monetary system toward a multicurrency regime. Pu...
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