Arab Today, arab today wto emerging world trade clout set to grow
Last Updated : GMT 19:06:29
Arab Today, arab today
Arab Today, arab today

WTO: Emerging world trade clout set to grow

Arab Today, arab today

Arab Today, arab today WTO: Emerging world trade clout set to grow

Geneva - AFP

Global commerce is being reshaped in favour of emerging powers like China and other developing nations, with the trend set to continue apace, the World Trade Organization said Thursday. \"The world is changing rapidly, hence the world of trade is changing rapidly,\" WTO chief Pascal Lamy said as he released the Geneva-based body\'s annual report. The study showed that between 1980 and 2011, developing economies raised their share in world exports from just over one third to almost half, and their share of imports by a similar proportion. \"The core trend that comes out of this pretty clearly is how new players have risen to prominence,\" said Patrick Low, chief economist at the WTO. The report forecast that developing countries could outpace developed economies in terms of both export and gross domestic product growth by a factor of two to three over the next two decades. \"It\'s the emerging economies which have the show,\" said Danny Quah, a professor from the London School of Economics, at the report\'s launch. \"The world economy has been (centred on the) mid-Atlantic for the past 200 years... The rise of the east is pulling the world\'s economic centre,\" he added. The report underlined the factors driving the shifts, including a growing middle class in developing countries and the investment clout of emerging powers. It also pointed to rapid technological advances which have continued to bring down transport and communication costs, and global supply chains, which have linked economies like never before. \"We have to think, perhaps, about a world which is devoid of national boundaries,\" said Quah. The report also highlighted the potential impact of the United States\' drive to tap its shale gas resources, which comes as rising energy demand from emerging nations raises competition. \"The shale gas revolution portends dramatic shifts in the future pattern of energy production and trade as North America becomes energy sufficient,\" it said.

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today wto emerging world trade clout set to grow Arab Today, arab today wto emerging world trade clout set to grow

 



Arab Today, arab today
Arab Today, arab today Reveals his participation in "Fashion Star" TV show

GMT 12:49 2017 Wednesday ,01 March

Reveals his participation in "Fashion Star" TV show
Arab Today, arab today Tabarka beauty between sea, mountain

GMT 06:37 2017 Wednesday ,01 March

Tabarka beauty between sea, mountain
Arab Today, arab today Sheds light on major steps in 12-year career

GMT 06:07 2017 Monday ,27 February

Sheds light on major steps in 12-year career
Arab Today, arab today Russia, China veto UN resolution

GMT 07:27 2017 Wednesday ,01 March

Russia, China veto UN resolution
Arab Today, arab today NUMP's conference to discuss proplems

GMT 13:40 2017 Wednesday ,01 March

NUMP's conference to discuss proplems

GMT 06:20 2017 Tuesday ,28 February

Beijing to speed up approval of IPOs

GMT 05:15 2017 Tuesday ,28 February

Funds prepare $2bn oil market play as supply tightens

GMT 05:34 2017 Monday ,27 February

Brexit sows seeds of doubt for British farmers

GMT 06:38 2017 Sunday ,26 February

US rig count increases
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Parliament considers solutions to overpopulation

GMT 20:27 2017 Monday ,27 February

Parliament considers solutions to overpopulation
Arab Today, arab today Lasers flesh out dino-bird profile

GMT 12:24 2017 Wednesday ,01 March

Lasers flesh out dino-bird profile
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today Final Phantom VII signals end of an era

GMT 14:31 2017 Tuesday ,28 February

Final Phantom VII signals end of an era
Arab Today, arab today 'Constructive' Vauxhall talk with union

GMT 08:54 2017 Saturday ,25 February

'Constructive' Vauxhall talk with union
Arab Today, arab today Najla Badr will participate in “30 Days” drama

GMT 06:23 2017 Monday ,27 February

Najla Badr will participate in “30 Days” drama
Arab Today, arab today Humans spark most US wildfires

GMT 14:58 2017 Tuesday ,28 February

Humans spark most US wildfires

GMT 05:14 2017 Thursday ,23 February

UK appoints 1st Scotland Yard chief in 188 years

GMT 11:44 2017 Saturday ,25 February

Penguins in the age of dinos

GMT 19:45 2017 Monday ,20 February

Sarah Belamesh designs antiques of "ceramic"

GMT 07:54 2017 Wednesday ,01 March

Shanghai expands public smoking ban

GMT 00:47 2017 Monday ,27 February

17.4 million tourists visit UAE in 2016

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 06:27 2017 Wednesday ,01 March

GSMA: 5 billion mobile phone users in 2017

GMT 18:23 2017 Friday ,24 February

Fadi explains secrets of  Nancy Ajram's newlook
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday