World economy is at impressive growth
Things have changed drastically now, the power shifts towards east. You could have thought that is there any relationship between world economy and the above mentioned sentence, then you must have to look this article much more deeper.
China, Russia, India are the first three countries which boost up the economy of the world in 2008. United States of America is the fourth among the contributors list which accelerates the economy of the world.
Contributors to world economy
The main reason for china to be the highest contributor (11%) is its blooming free market trend of business and a greet pioneer in the field of research and development. Russia contributes around 8% which is because of highly profit yielding industrial sector.
The work force available in Russia is of uncountable and most of them are skilled work which keeps Russia on the top of industrial GDP. Then comes the emerging super power India which contributes around 9% to the rising global economy.
A country which is waving around high and became the talk of economist recently is India these all hype is due to the flourishing foreign investment in the soil of India.
Economy of developed and developing countries is a important deciding factor for the growth of other countries economy. Because all these under developed countries highly depends on the economical reform funds, trade agreement, foreign investment from the developed countries only.
US lagging behind eastern countries
The recent recession in United States of America makes economy of USA to lag behind the emerging marketing giants China. Economical structure of USA has to be reconstructed fundamentally in order to overcome the economical drop down.
Today's world economy GDP has increased 300 times in a 1000 years and the GDP is $70 trillion. The good news is that world economy will be keep on increasing and will get huge beneficial to boost it GDP rate from the economy rivalry of developed countries.