Indonesia and Five Countries Economic Determinants 2025
In 2025, six countries will be counted as six major economic force that contributes over half of world economic growth and the international monetary system, namely Brazil, Russia, India, China, South Korea, and Indonesia. World monetary system is also not expected to be converging on a single currency but on three poles, namely the euro, U.S. dollar and Chinese renminbi.
Conditions that will help the transition of economic strength which enables low-income countries to keep growing through commercialization and financial transactions between countries. This report shows that developing countries will grow an average 4.7 percent a year between 2011-2025. While advanced countries grow by only 2.3 percent over the same period. “The rapid growth in developing countries have been pushing a pole shift of world economic growth. It is distributed throughout the world that have been developed and developing countries.
This really would be a multikutub world,” said Justin Yifu Lin, World Bank Economist and Vice President for Development of developing countries.
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