These 2 super powers are opposites in many ways, but nonetheless have formed the most important economic bond of the 21st century. China has come a long way from its ancient roots and has become an economic giant. At the same time, the US has taken on crippling debt in its attempts to maintain a crumbling empire. Some say that China will rise as the US falls, but their intertwined fates mean they will rise or fall together.
The European Union didn’t happen that long ago, but we can already see the effects. While most countries in the zone are better off, the Euro has caused new problems. Like a school project, Germany is doing all the work while Greece is along for the ride. Will the union stay together, or are certain countries destined to leave one way or another?
When your name is supposed to sound similar to the great depression – you know it was bad. But what actually happened to put the global economy on hold? As you probably could have guessed, it was greed and reckless financial tinkering. People used to think that houses could never lose value, but they were wrong, and we all payed the price.
Brazil, Russia, India, China and South Africa. That’s a group of countries you don’t normally say in the same sentence. These titans of tomorrow (and today) are responsible for the future of the world. With 42% of the world’s population and 20% of the world’s GDP within their borders, it’s no wonder why high growth countries are under the microscope.
Following in the footsteps of the BRICS is MINT and the next eleven. That’s eleven in total so Mexico, Indonesia, Nigeria, Turkey and Pakistan, Iran, Egypt, Vietnam, Philippines, Bangladesh and South Korea make the cut. These countries have the potential for enormous growth but are behind the world’s developed countries in many ways. If you are looking for more risk and reward, look no further.