A New Multipolar World Economy

A New Multipolar World Economy will surely be a welcome change as it would assure distributional gains by was of assured development to the developing countries.But given the inflexible approach amongst the G8 countries to fast track development in the se developing countries,by way of providing appropriate developmental assistance and tying up the limited aid & assistance to the interests of their economic business corporations harm the cause of development in the poor countries of the south.

Jamus What you highlight is also true from a standards making perspective, where "emerging" countries that used to be considered standards-consumers are very fast becoming standards suppliers-with indeed the intellectual property portfolio that goes with it. However, it seems to me this is more a cyclical story than something "first time in history". Fernand Braudel said it much better than I ever will: “In Asia, which in 1400 contained more than half of world population, income and wealth, there was an established pattern of trade prior to European incursions, involving intersections of an East Asian world economy that was linked to an Indian world economy stretching from Malacca in the Malaysian Peninsula to Calicut and Cambay in Western India” Civilization and Capitalism, 15th-18th Century, 1979 margot

Yes, a multi-polar world economy is most awaited agenda. However, the past portfolio of the developed countries remaining as it was. A social mobility towards higher echelon is the most expected opportunity for a country in transition. The probability function is no more evident in such matters. Past is the prediction for the future. Our past yielded only bi-polar world economy and still some of the countries have such hangovers. Though prosperity of the Asian countries is prospering, but the results are yet to come in. Conflicts are growing with the economy and an effective regional institution is not yet emerging though there are several in existence. Informal economy in the Indian continent is prevailing over formal. Thus, a more predictable environment is expected in the future before reaping the fruit. PAUDYAL, Dhruba P. Nepal

Multipolar world is inevitable, growth will be shared by all, yet the poor-rich gap will widen and resource crunch due to climate change will limit growth. The only continent that can sustain itself is Africa. I am not sure if all the prediction about Asian Giants versus the North Concept would be relevant in the age of shrinking resources. We tend to predict growth with the presumption that resources will remain at the same supply level. If that be so, the North would remain an ever green forward block because it has the superior skills and knowledge while the South will keep up pace but not to overtake the North. In my considered opinion, the continent that has the resources to meet the future demand will gain the center stage in years to come rather than the country/ continent that has the production skills.