Bangladesh is going to make her own place among the top 20 Countries in the world within 2050. On 18th December a report was published in the online version of the famous British Newspaper The Guardian. The headline was New-wave economies going for growth, by Larri Elliott, economic editor of The Guardian. As even Brics plateau, other countries, from Bangladesh to Mexico, are coming up fast - and could overtake the west by 2050.
Dear readers,
Dear readers,
I have read this news today on a Bangla Newspaper and read all the details about the report from the famous British Online Newspaper The Guardian's website. Some important parts of the report I am publishing here that could help you to know about report.
Larri Elliott says in the beginning of his Article: They are big. They have young and growing populations. They have invested in infrastructure and education. And they are growing at the sort of rates that make them the envy of the recession-hobbled west.
The big emerging market economies of which much has been heard since the acronym was first coined by Jim O'Neill of Goldman Sachs more than a decade ago. Rather, they are a second wave of countries – some Asian, some Latin American, some African – coming up fast behind.
In the previous paragraph the writer says the Second Wave of Countries which are from Asia, Latin America and some African. These second wave of countries is going to take the economical leadership in the upcoming history of the world. Which could be happen within the year 2050. Not so far, I think !, WHAT YOU THINK ?
Larri Elliott says in the beginning of his Article: They are big. They have young and growing populations. They have invested in infrastructure and education. And they are growing at the sort of rates that make them the envy of the recession-hobbled west.
The big emerging market economies of which much has been heard since the acronym was first coined by Jim O'Neill of Goldman Sachs more than a decade ago. Rather, they are a second wave of countries – some Asian, some Latin American, some African – coming up fast behind.
In the previous paragraph the writer says the Second Wave of Countries which are from Asia, Latin America and some African. These second wave of countries is going to take the economical leadership in the upcoming history of the world. Which could be happen within the year 2050. Not so far, I think !, WHAT YOU THINK ?
The reports also said that
- Bangladesh and the Philippines have been helped by remittances sent home from expatriates working overseas.
- Nigeria has been a beneficiary of the global commodity boom that has seen the cost of a barrel of Brent crude oil remain above $100 a barrel.
- Mexico and Indonesia have generated strong domestic demand from their large populations.
The changing face of the global economy
is reflected in the rapidly expanding scale of the summits designed to
sort out its problems. Not so long ago, when 80% of global GDP was
accounted for by Europe, North America and Japan, it was the G7 that was
the forum that counted.
By the middle of the 2000s it became impossible to discuss the future of the world economy without the presence of China and India, and when a second great depression loomed in late 2008 the G20 was formed. This included not just the G8 and the Brics but a sprinkling of the more strategically important emerging economies, such as Indonesia, Turkey, South Korea, Mexico, Argentina and South Africa. Recent developments suggest that more seats may be needed at the conference table before too long.
John Hawksworth, chief economist at PricewaterhouseCoopers (PwC), said: "There are countries beyond the Brics that have quite strong long-term growth potential." Economists such as Hawksworth say there are a number of key factors that are allowing emerging countries to grow more quickly than the mature markets of the west:
By the middle of the 2000s it became impossible to discuss the future of the world economy without the presence of China and India, and when a second great depression loomed in late 2008 the G20 was formed. This included not just the G8 and the Brics but a sprinkling of the more strategically important emerging economies, such as Indonesia, Turkey, South Korea, Mexico, Argentina and South Africa. Recent developments suggest that more seats may be needed at the conference table before too long.
John Hawksworth, chief economist at PricewaterhouseCoopers (PwC), said: "There are countries beyond the Brics that have quite strong long-term growth potential." Economists such as Hawksworth say there are a number of key factors that are allowing emerging countries to grow more quickly than the mature markets of the west:
- Firstly, they need sound macro-economic policies, including control of inflation and budget deficits.
- Secondly, they have invested in human capital, improving their educational standards.
- Thirdly, they have been able to import new technologies from the west, with the spread of mobile telephony in Africa an example of the way in which a lack of physical infrastructure can be bypassed to boost productivity quickly.
- And Finally, they tend to have young and growing populations.
Dear readers, to read the whole story directly from Guardian's portal you can go to the link provided in the top of the post.
Now, What you think ?
Now, What you think ?
Is these countries are really going to take over the Economical Leadership in the upcoming years 2050 or 2055 or 2045 or . . . ? I am a Citizen of these Second Wave of Countries. And personally I believe that it is really going to happen and may be we don't need to wait for longer like 2050, we could see something really exciting and true changes in the Leadership (Economical / Technical / or Whatever . . . ) of the World.
Cause the History tells us that These kind of changes are happening from the very beginning of the World !
Cause the History tells us that These kind of changes are happening from the very beginning of the World !
Thanks,
Related:
National Web Portal of Bangladesh
National InfoKosh of Bangladesh
Bangladesh has a better parameter in Human Development than India
BCSCL | Services Provided by Bangabandhu Satellite
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