USA Economy News - Transformation of the Global Economy [In Focus] Global & USA Economy News - Transformation of the Global Economy [In Focus] [In Focus] #680 Transformation of the Global Economy (세계 경제 지도의 변화) Newsreel The World Bank predicted that 6 rising economies will be responsible for more than half of the world's economic growth for the next 20 years. The 6 are China, India, Russia, Brazil, Indonesia and Korea. This prediction was made in a World Bank report titled "Multipolarity: The New Global Economy". The report said these six economies will record an average annual growth of 4.7% until 2025. Advanced economies were predicted to grow just 2.3% annually in the same period but were expected to continue their dominance over the world economy. The report also advised structural change for these rising economies- to expand domestic demand and improve productivity- if they were to continue the momentum of growth. With economic and financial clout shifting towards these rising economies, the global system is headed for an era of multipolarity. Korea is one of the rising economies predicted by the World Bank to lead the world's economic growth. Let's find out more about what its role should be in the new multipolar global economy. Discussion 1. Impact of the World Bank report 2. Contents of the Global Development Horizons report 3. Six rising economies identified by World Bank report 4. International responses to the World Bank report 5. Korea's role in global development 6. Reform of growth momentum for the rising economies 7. Reasons for the US dollar's fall 8. Competitors to the US dollar 9. Advice for future development USA Economy News Global Economy News Financial News Silver News Gold News Jim Rogers Peter Schiff Mike Maloney David Morgan Robert Kiyosaki Brexit #USAEconomyNews #GlobalEconomyNews #FinancialNews #SilverNews #GoldNews #JimRogers #PeterSchiff #MikeMaloney #DavidMorgan #RobertKiyosaki #Brexit
