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up and coming superpowers
countries on the rise in a new global economy
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Summary

Up and Coming Superpowers

 

The world economy has been evolving for centuries and unexpected countries have been capitalizing and becoming up and coming super powers. The days of the United States, England, and Russia at the top of the pole are quickly changing. Countries like Argentina, Colombia, and Germany are growing in a turbulent economy. How are they doing this, what makes these countries unique and prosperous, and how powerful could they become.

 

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Africa Takes Off

Africa Takes Off | up and coming superpowers | Scoop.it

Ask this question: Which region of the world currently is the home to 6 of the 10 fastest growing economies?  Most people (myself included) would be surprised to hear that the region is sub-Saharan Africa.  While Sub-Saharan Africa is still the least economically developed region with some very significant challenges, too often Africa is only taught as a region of problems and negative patterns.  

 

Africa is becoming a place that businesses should be looking at for the future. The reputation of Africa being a hostile place is changing and proves to be maybe the next big player in the global market.


Via Seth Dixon
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Argentina a surprising country on the rise

Argentina a surprising country on the rise | up and coming superpowers | Scoop.it

   Argentina, benefits from a highly literate population, a busy agricultural exporting sector, and from natural resources. With natural resources such as lemons, soybeans, grapes, tobacco, tea, wheat, and services such as food processing, motor vehicles, textiles, petrochemicals, printing, and steel. Argentina is a hub of exporting and importing of good which accounts for much of Argentina’s economy.

 

 

  Although one of the world's wealthiest countries 100 years ago, Argentina suffered during most of the 20th century from recurring economic crises, persistent fiscal and current account deficits, high inflation, mounting external debt, and capital flight. A severe depression, growing public and external indebtedness, and a bank run culminated in 2001 in the most serious economic, social, and political crisis in the country's turbulent history. Interim President Adolfo Rodriguez SAA declared a default - the largest in history - on the government's foreign debt in December of that year, and abruptly resigned only a few days after taking office. His successor, Eduardo Duhalde, announced an end to the peso's decade-long 1-to-1 peg to the US dollar in early 2002. The economy bottomed out that year, with real GDP 18% smaller than in 1998 and almost 60% of Argentines under the poverty line. Real GDP rebounded to grow by an average 8.5% annually over the subsequent six years, taking advantage of previously idled industrial capacity and labor, an audacious debt restructuring and reduced debt burden, excellent international financial conditions, and expansionary monetary and fiscal policies. Inflation also increased, however, during the administration of President Nestor Kirchner, which responded with price restraints on businesses, as well as export taxes and restraints, and beginning in early 2007, with understating inflation data. Cristina Fernandez De Kirchner succeeded her husband as President in late 2007, and the rapid economic growth of previous years began to slow sharply the following year as government policies held back exports and the world economy fell into recession. The economy has rebounded strongly from the 2009 recession, but the government's continued reliance on expansionary fiscal and monetary policies risks exacerbating already high inflation. In a recent article it was reported that Argentina showed a 9% growth in the economy and to see this growth after many years of chaos in the country has been uplifting and inspiring that a country like Argentina can survive through the economic slump that has hit the rest of the world so hard.

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Germany ahead of the pack in Europe

Germany ahead of the pack in Europe | up and coming superpowers | Scoop.it

Germany, As Europe's largest economy and second most populous nation 81,471,834 people, Germany is a key member of the continent's economic, political, and defense organizations. Germany is one of the very few countries keeping their heads above water in this economic collapse in Europe. The German economy, the fifth largest economy in the world and a leading exporter of machinery, vehicles, and chemicals, benefits from a very unique labor force of skilled craftsman. The Eastern German economy, where unemployment exceeds 20% in some towns, and annual transfers from west to east amounting in 2008 roughly $12 billion has forced reforms launched by the government of Chancellor Gerhard Schroeder (1998-2005). He felt he had to find a resolution to the disheartening high unemployment and low average growth. This contributed to an incredible turn around in 2006 and 2007 and falling unemployment. In an article in the Wall Street Journal German Finance Minister Wolfgang Schaeuble has said that Germany will have nearly balanced their budget four years ahead of schedule. "We are working on keeping our common currency stable because we have a responsibility for Europe, and Europe has a responsibility for the global economy," he said in a speech to parliament.Manufacturing orders, and exports and, domestic demand is becoming a more significant driver of Germany's economic expansion.

 

  Germany has had a turbulent past to have made it this far, in two devastating World Wars in the first half of the 20th century which left the country occupied Allied powers of the US, UK, France, and the Soviet Union in 1945. With the Cold War, two German states were formed in 1949: the western Federal Republic of Germany, and the eastern German Democratic Republic. The democratic Federal Republic of Germany embedded itself in key Western economic organizations, the EU, and NATO, while the Communist Eastern German Democratic Republic was with the Soviet Warsaw Pact. The decline of the USSR and the end of the Cold War allowed for a unified Germany in 1990.

Under Chancellor Angela Merkel’s terms ( November 22, 2005 to Present) have seen the Country start to grow and even stay afloat through the economic crush of Greece’s collapse. Germany ranks 6th on the CIA’s website of most powerful countries, and shows promise of moving up in the next few years. I chose Germany because it’s a country that I don’t usually hear too much about, when China, India, and Russia are usually the main focus. But the proof of their success shows and Germany looks like a country that will drive through this economic downturn and save a lot of other countries in the process.

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Forget China and India, it's time for "Breakout Nations" - Investing 201

The BRICS are so yesterday, says Morgan Stanley's Ruchir Sharma. Rapid growth can't be sustained and it's time to look to the next decade's big growers for b...

 

As the world changes at such a rapid pace from a global economy so do the countries that can start to become big players from a business standpoint. This video talks about a couple that are making the BRICS yesterdays news.

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Asia Trade Flows to Lead Global Economic Growth

Asia Trade Flows to Lead Global Economic Growth | up and coming superpowers | Scoop.it
China and India to lead the way Nov. 29 – A report by the United Overseas Bank (UOB) of Singapore has indicated that the global economy will increase by 73 percent over the US$63 trillion seen in 2010 to reach US$109 trillion by 2020, with Asian...

 

In this article it talks about how Chinas partnerered business with each region is benefitting the world economy. It is amazing how one country can affect every other region of the world so greatly by having open trade with them.


Via Giulio Gargiullo
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Colombia's struggle to become a South American superpower

Colombia's struggle to become a South American superpower | up and coming superpowers | Scoop.it

 

   What would you do if you lived in a city, which was the most violent and dangerous in the world? You lived through the hardships and terror, and saw a broken city start to be restored to its former glory. Columbia especially has seen a violent history, even experiencing a period called La Violencia. A city which at a time was prestigious and rich in culture, Alvaro Uribe was a hero to the Columbian people by forcing the Farc and drug cartels into hiding. And Pablo Escobar the enemy and cartel boss which to this day leaves a stain on the very name of the country.

 

   Pablo Escobar, the drug baron of the Columbian drug trade, and terrorist of the Columbian people, and their country. Escobar was born in 1949 and grew up into illegal activities. He came from a very humble, and catholic family. He had to quit school when he was a kid because his father was getting old and he had to support his family, and the way he found to make money was stealing cars on the streets. As a young man he gained notoriety in the cocaine business for his ruthless behavior. This quality led him to become the leader of the Medellian cartel, Where he made a fortune off sales of cocaine to America and giving Columbia the title of cocaine capital of the world. Life in Medellian became deplorable for its citizens. Crime, violence, death rates skyrocketed due to Pablo Escobar and his thugs.

 

   Third, Escobar realizing he could capitalize on the wave of popularity among the poor ran for senator to clear his reputation internationally and nationally, he started to be questioned about his money and there was a newspaper that was very popular back then called El Espectador and they started to publish what they knew was the truth about Pablo Escobar and they tried to put people against him so he planted a bombs, killed presidential front runners who would run against him. And killed almost anyone who slandered him or stood in his way when most of the citizens and politicians realized who he really was and realized that he was too dangerous, he was sent to jail, but thanks to the corruption and ties to the cartel, he owned most of the police department and while in jail he had all the luxuries he had when he was free and he still did his business and sold marihuana and cocaine from jail. Then he escaped and many people helped him hide until they found him in a house in the suburbs of Medellin on December 2, 1993 and killed him. I interviewed Manuela Villa a native of Medellin, her father recalled that during this period of time everyone in Medellin had a curfew, everyone had to be in their homes by 8 o 9pm or else they would get shot, he tells me that it was very common to see dead bodies on the streets and that people couldn’t stop and pick them up or anything because if they did they would get killed as well

 

  Fourth, Medellin was once known as the most violent city in the world, or one of the most violent and this violence lasted for years!! because of all the cartels, Pablo Escobar, even las Farc.... all the presidents tried very hard to stop this but the only one who did something about this was Alvaro Uribe. 58th president of Colombia from 2002 to 2010, Born July 4th 1952 he graduated from Harvard and did a stint of teaching at Oxford. After gaining popularity in the Columbian government he ran for president and won in 2002. from the beginning of his presidency he was determined to put an end to the Farc and drug trade which he was quite successful at. Since then the violence went down. Before this people couldn’t go to their farms or to other cities by car because they would get kidnapped now everything has changed and since there is no more violence the city became more developed and violence in Medellin is mostly in the poorest neighborhoods of the city. because of the lack of education, food, home, and things people need to survive, young kids began to steal and kill and that’s how the different cartels were created and they fight each other, causing senseless destruction to innocent people.

 

  The Farc was more of a political and militarian organization it means fuerzas armadas revolucionarias de Colombia revolutionary armed forces of Colombia they are considered terrorists and drug dealers all over the world Colombia’s government has fought them for years but since they have Hugo Chavez support, it has been very hard to stop them they hide in Venezuela’s territory and Chavez sends them weapons to fight the Colombian army many of their members have recently turned themselves in and last year the government killed one of their leaders: Mono Jojoy.

In, The years since the horrors of Escobar the city of Medellian has bounced back as a very lovely city which can now be visited by tourists, and safely seen whithout the threat of kidnappings and violence which was common at the height of Escobars’ reign of terror.

 

 

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