Balance Of Power: Economy Up Trump Down

Nevertheless, BRIC scenarios may not be optimistic enough because there are still other fairly large emerging economies that are likely to significantly expand faster by 2050. Indonesia could become the fourth largest economy in the world, while Mexico and Turkey could grow bigger than Germany and France, respectively. Meanwhile, the economies of new rising powers – Saudi Arabia, Nigeria, Egypt, Pakistan, Iran, the Philippines and Vietnam – could each prove bigger than that of Italy.

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The global economic balance of power is shifting
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