The New Titans

China, India and other developing countries are set to give the world economy its biggest boost in the whole of history, says Pam Woodall . What will that mean for today's rich countries?

LAST year the combined output of emerging economies reached an important milestone: it accounted for more than half of total world GDP (measured at purchasing-power parity). This means that the rich countries no longer dominate the global economy. The developing countries also have a far greater influence on the performance of the rich economies than is generally realised. Emerging economies are driving global growth and having a big impact on developed countries' inflation, interest rates, wages and profits. As these newcomers become more integrated into the global economy and their incomes catch up with the rich countries, they will provide the biggest boost to the world economy since the industrial revolution.
ndeed, it is likely to be the biggest stimulus in history, because the industrial revolution fully involved only one-third of the world's population. By contrast, this new revolution covers most of the globe, so the economic gains—as well as the adjustment pains—will be far bigger. As developing countries and the former Soviet block have embraced market-friendly economic reforms and opened their borders to trade and investment, more countries are industrialising and participating in the global economy than ever before. This survey will map out the many ways in which these economic newcomers are affecting the developed world. As it happens, their influence helps to explain a whole host of puzzling economic developments, such as the record share of profits in national income, sluggish growth in real wages, high oil prices alongside low inflation, low global interest rates and America's vast current-account deficit.Emerging countries are looming larger in the world economy by a wide range of measures . Their share of world exports has jumped to 43%, from 20% in 1970. They consume over half of the world's energy and have accounted for four-fifths of the growth in oil demand in the past five years. They also hold 70% of the world's foreign-exchange reserves.But regardless of how the developed world responds to the emerging giants, their economic power will go on growing. The rich world has yet to feel the full heat from this new revolution.
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ABHISHEK INDUSTRIES

ABHISHEK IND moving in a channel 21.50 being a nice sup long this with a sl below that for a target of 24.
cheers
rish

ACC CHANNEL

ACC moving in a channel if it trades consistently above 953 the next target will be 1000
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rish

Capitalize on the Most Explosive Markets of the 21st Century!

Capitalize on the Most Explosive Markets of the 21st Century!

In 2050 the world's largest economies [in order] will be China, USA, India, Japan, Brazil and Russia -- Goldman Sachs
As I travel the world seeking for "the next big investment trend" I have come to the realization that for growth investors, there is only one viable option: emerging markets. Sophisticated investors, bankers and other investment professionals have delivered a clear verdict: invest abroad or be doomed to mediocre returns.

Consider India, China, Russia, Brazil and a host of other Asian, Latin American and Eastern European countries whose economies are developing at a frenetic pace. They are the next wave of growth markets. There's only one issue. Although in the long-run most of these markets will deliver capital gains dwarfing those of more developed economies (while also providing great dividends), in the short-term, many will be volatile. In order to profit,
So get set ready to do research and rare insights into the world's emerging markets--information that will allow you to take advantage of the most lucrative long-term bull markets of the 21st century.

Yiannis G. Mostrous
Editor, Growth Engines