Overview

As more and more developing countries embark on the process of industrial catch-up, it is expected that the new growth poles will increasingly contribute to a changing dynamics in international relations. A process that began with the rapid industrialization of the first- and the second-tier East Asian economies in the 1960s and 1970s has been followed by accelerated industrial growth in a newer set of what are often referred to as emerging countries - India, China, Brazil and South Africa. This ongoing but punctuated process is expected to continue, with additional countries (such as Nigeria and Egypt) experiencing similar growth in the future.

Related Subject(s): Economic and Social Development