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The New World Economy

The idea that the world’s centre of economic gravity is moving to the BRIC nations – Brazil, China, India and Russia – and other economies formerly known as ‘developing’ has become familiar. But what are the implications for the West of this historic shift in economic power, towards the countries with the majority of the world’s population and resources? Equally, what are the challenges and opportunities ahead for the fast-growing economies of Asia and Africa?

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