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Globalization by Sarah Powell, Pervez Ghauri

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The New Global Players

Globalization today has been driven by dramatic changes in the world that have freed up previously closed regions and stimulated trade and economic development. The recent dramatic economic development of China and India signals a return in terms of geography to the earliest innovators in the process of globalization. The recovery of the Russian economy and growth in Brazil herald further shifts in economic power.

The rise of the BRICs[]

Since the 1980s, the world has seen extraordinary changes. Europe’s Cold War, the postwar standoff between West and East, ended with the fall of the Berlin Wall in 1989. Since then, Russia has emerged as a major player on the global economic field, notably in the energy sector. The decline ...

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