Global

Details

  • Industry: Government & Public Sector
  • Date: 11/5/2013

Global megatrend #6: Economic power shift 

How is government adjusting to a new economic world order?


How will government manage foreign ownership of corporations to ensure all benefits are received?

Emerging economies are lifting millions out of poverty while also exerting more influence in the global economy. With a rebalancing of global power, both international institutions and national governments will need a greater focus on maintaining their transparency and inclusiveness.


Driven by trade liberalization, economic reforms and freer movement of capital and technology from the developed to the developing world, emerging market economies (which include China, India, Brazil, Russia, South Africa, Mexico, Indonesia, and others) are becoming increasingly important players in international finance.1 This shift in economic power has not been without its challenges. As nations have acquired more wealth, many have also experienced growing inequality within their borders.


Case study: China in Africa

The impact of economic power shift in a case study as part of KPMG’s Future State 2030 series.

Related thought leadership


1Congressional Research Service. 2011. “Rising Economic Powers and the Global Economy: Trends and Issues for Congress” (PDF 713 KB). Accessed 29 May 2013.

 

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