GEOLOGY 002 Lecture Notes - Lecture 6: Ibsa Dialogue Forum, World Currency, Reserve Currency
Document Summary
The impact of emerging economies on global governance (the. Hague centre for strategic studies & tno) usanov (2012) Tno & the hague centre for strategic studies (hcss) programme strategy & change analyses global trends in a dynamic world affecting the foundations of our security, welfare & well-being. Eu weighed down by sovereign debt & austerity measures that could condemn them to several years of slow growth, many ems are in much better fiscal shape & have recovered quickly from the global recession. Some em have even been considered potential creditors for a number of struggling countries in. Eurozone, this was difficult to image few years ago. Rapid economic growth in em has had many advantages for western companies & consumers: for western firms it has opened new opportunities for expanding sales/investments, western consumers have benefited from imports of cheaper consumer goods from these countries.
