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Rising nations want a new, fair world order

By Wang Yusheng | China Daily | Updated: 2008-10-15 07:46

Emerging economies, especially represented by the booming BRICs (Brazil, Russia, India and China), have been pushing forward changes since the world stepped into the 21 century. And what attract us more are their new global strategies in facing international situations that are undergoing significant changes.

Represented by the BRICs, most of these emerging developing countries have had their comprehensive national powers risen considerably, and usually in a fast, stable and continuous way.

According to a report by Goldman Sachs, the BRICs are transforming the global economic situation and would probably emerge at the top in the field around the middle of this century. So far, the proportion of the rising economies in the global economy has grown to nearly 50 percent from 39.7 percent in the early 1990s, and these countries' foreign exchange reserves have also soared to some 75 percent of the world's total volume.

Rising nations want a new, fair world order

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