Loss of Power and Absorption

Shunya Asano

Through 1990 to 2010, developing countries are acquiring skills how to obtain market shares, increment of Growth Domestic Products, and advance to next state in the global society. These situations can be represented and observed by the emergence of BRICs, Next 11, and VISTA. In addition, countries which are involved in these categories are morphing to step up next achievement. These international movements cause the loss and less influential power for developed countries, and it seems that these innovative international actions are absorbing economic profits from dominant powers. Their drastically advancement plays important role to the global economy which could consequence the Greek debt and further economic conflicts.

According to the statistic from FOIN, BRICs {Brazil, Russia, India, and China} increased its car market shares from 22.6% to 35.4% through 2007 to 2010 while developed countries declined its shares from 60.6% to 48.9%. This research journal also indicates that emerging countries will improve its international influence on the economic market. This overwhelming growth of national competence is deteriorating European Union, the United States and Japan’s capital flows and trading profits since emerging countries are taking advantage to exploit their labors, abundant natural resources, and incentives of foreign companies by its large amount of consumers. Under this circumstance, they are absorbing prosperities from other countries.

Growth Domestic Products are also accelerating the significance of developing countries. For example, although the developed countries’ real economic growth rate only progress 3%, the developing countries and emerging countries are raising 7.1% on average. This massive expansion of their economy can be seen in Next 11 which can be represented by Iran, Indonesia, Egypt, Korea, Turkey, Nigeria, Bangladesh, Pakistan, Philippines, Vietnam, and Mexico. Their common distinctions can be observed by its amount of trading profits and advancement of their international status. This achievement which was derived by these countries made change the international order as well as the Greek government.

Some emerging countries are morphing its national formation from middle state to developed countries. VISTA which is conducted by Vietnam, Indonesia, Singapore, Turkey, and Argentina is especially remarkable. They are gradually breaking down the global formation which is organized by dominant powers such as European countries and the United States. This can clearly provide us visions that these types of nations which increasingly promote more global advancement are taking an important part of international society and progression. On the other hand, this perspective can be identified as negative aspects since that can create more international and severe competition.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Works Cited

 

Ikegami, Akira. Ikegami akira no manaberu news. Tokyo: Kairyusha, 2010. Print.

 

Odawara, Ken. Jijiryoku hattenhen. Tokyo: Riburu teku, 2011. Print.