Give your thoughts on the impact on international trade ofemerging economies like those of Eastern Europe, India, or China.What can we expect from them in the next 20 to 50 years?
Expert Answer
With the spread of globalization and technological advancementin almost all he part of the globe, the world is experiencing theemergence of new economic and trade system. In fact, if we look ath present status of global trade, the share of developing economiessuch as India, China, and other emerging economies is increasingevery passing year and well-established economies such as the USA,UK, Germany and so on are finding it quite
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