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A powerful new bloc of nations emerging on the world economic stage is the BRICS coalition, which includes Brazil, Russia, India, China, and South Africa. This group aims to enhance economic cooperation, promote trade among member states, and challenge Western dominance in global governance. Additionally, recent discussions about expanding BRICS to include other countries like Argentina and Egypt signal a growing influence and potential for a multipolar world economy. This shift reflects a desire for greater representation and power among developing nations in international affairs.

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The powerful new bloc of nations that is emerging onto the world economic stage includes .?

The powerful new bloc of nations emerging on the world economic stage includes Brazil, Russia, India, China, and South Africa, collectively known as the BRICS. These countries are characterized by their significant influence on regional and global affairs, rapid economic growth, and increasing cooperation in areas like trade, investment, and political collaboration. The bloc aims to create a multipolar world order and reduce dependence on Western-dominated institutions.


What is the distinction between less developed and emerging markets?

Emerging markets are those developing countries that show signs of advancement in its financial structures - banks, stock markets, regulatory bodies, and reached a certain level of maturity in terms of depth, breadth and liquidity in its financial structure and economy as a whole. The best and most definitive lists fo emerging markets are those by investment banks such as MSCI index or the list by IFC (international finance corporation), part of the world bank group. Less developed countries are those that have not yet reached this stage of financial and economic development.


Who is typically involved in the third or final stage of economic development?

big companies


What is the impact of current global crisis to the economy of developing countries?

Developing countries are ones whose economies are in the developing stage. They are in the growth phase. Much of their revenue is through export to developed countries like the US, UK etc. When a super power like the US is reeling under a crisis, the plight of developing countries is worse. Their GDP's would come down, unemployment, high inflation, lesser industrial production, lesser per capita consumption etc are some issues that would be faced by such countries.


Do you thinkit is best for the economy to be at the peak stage or the expansion stage?

The expansion stage is generally better for the economy than the peak stage. During expansion, economic growth is sustained, leading to increased employment, consumer spending, and investment, which can foster long-term stability. In contrast, the peak stage often signals an impending downturn, characterized by inflationary pressures and potential market corrections. A balanced approach that encourages steady growth without overheating is ideal for economic health.

Related Questions

What is an emerging market?

An emerging market is a new major player on the world's economic stage. Some new nations that are emerging include Vietnam and Nigeria.


Who were the most powerful nations in the world in 1900?

In 1900, the most powerful nations in the world were the British Empire, the Russian Empire, the German Empire, and the United States. These countries held significant military, economic, and colonial power on the global stage.


Is it possible for witricty?

yes it is possible, but it is in the emerging stage


Why were the countries powerful in 1900?

In 1900, several countries were powerful due to a combination of industrialization, colonial expansion, and military might. Nations like Britain and Germany led in industrial production, which fueled economic growth and technological advancements. Additionally, imperialism allowed these countries to expand their territories and access vast resources. Their strong militaries further solidified their influence on the global stage, contributing to their status as world powers.


How did the U.S. benefit from WW1?

The U.S. benefited from World War I by emerging as a global economic power, as the demand for American goods and supplies surged during the conflict. This economic boom led to increased industrial production and job creation, laying the groundwork for the Roaring Twenties. Additionally, the U.S. gained significant political influence on the world stage, helping to shape the post-war order and the establishment of the League of Nations, despite not joining it. Overall, the war marked a pivotal shift in the U.S. from isolationism to a more active international role.


What is emerge country?

An emerging country is one that is still growing. They used to be referred to as third-world, but this term is derogatory. Emerging countries often have high population growth rates and a growing infrastructure. They are emerging into the global marketplace, meaning that they are trading and communicating globally at an increasing rate. Examples are India and Brazil.


Why do you think nations joined these alliances?

Nations joined alliances for security and protection, as well as to increase their power and influence on the global stage. By forming alliances, countries could strengthen their military capabilities and deter potential threats from other nations. Additionally, alliances provided a way for countries to cooperate on economic and political issues, furthering their own interests and goals.


What are the processes of rural transformation in Africa?

Rural transformation refers to social,polilitical,economic and demographic changes from one stage to another. Rural transformation refers to social,polilitical,economic and demographic changes from one stage to another. Rural transformation refers to social,polilitical,economic and demographic changes from one stage to another. Rural transformation refers to social,polilitical,economic and demographic changes from one stage to another.


What is an evolved Bakugan?

simple a bakugan that is more powerful and in a different stage


Which stage concerns itself with expansion of stability operations across contested regions ideally using host nations?

Late stage


How do you become an economic city in spore?

Play as an industrious tribe in tribal stage. This can be done by befreinding 2 or 3 tribes, and destroying 2 or 3. Either way, you will then become an economic city. You can also take over economic cities in the civilization stage and choose to keep their status.


Who is typically involved in the third or final stage of economic development?

big companies