GROWTH ECONOMICS and Fundraising in international cooperation SECSP

GROWTH ECONOMICS and Fund-raising in international cooperation SECS-P 01, CFU 9 Economics for Development academic year 2017 -18 12. PROTAGONISTS OF THE WORLD DEVELOPMENT Roberto Pasca di Magliano Fondazione Roma Sapienza-Cooperazione Internazionale roberto. pasca@uniroma 1. it Roberto pasca di Magliano Pagina 1

PROTAGONISTS OF THE DEVELPMENT In the world scenario there are new countries contributing the development, other than the advanced ones • The history of the development protagostists takes origine from South Corea in the fiftys, then the so-called four tigers (Thailand, Singapore, Hong Kong, Taiwan) • It follows the very well known group of the BRIC countries (Brasil, Russia, India and China) and then becaming BRICS (with the addition of South Africa) • Still important is the contribution of the Gulf countries (Kuwait, Quatar, Abu Dhabi, United Arab Emirates) as well as Iran and Saudi Arabia • More recently other dynamic countries are given an increasing contribution to the world development such as: Indonesia, Mexico, Turkey, Colombia, Uganda (the only Sub-Saharian country), Vietnam and partially Nigeria. Major differences can be recognize with respect to developed countries as contribution to development derives from natural resource’s export, exports 2 of low cost goods, labor productivity (not much from the industrialization)

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Major Countries’ Shares of World GDP, 1700 -2030 1990 International PPP$ World GDP=100% Roberto pasca di Magliano Pagina 4

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Contribution to world GDP Roberto pasca di Magliano Pagina 6

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The contenders Estimated overtaking dates based on GDP at PPPs Estimated overtaking dates based on GDP at MERs E 7 vs G 7 2017 2032 China vs US 2018 2032 India vs Japan 2011 2028 Russia vs Germany 2014 2042 Brazil vs UK 2013 2023 Mexico vs France 2028 2046 Indonesia vs Italy 2030 2039 Turkey vs Canada 2020 2035 Roberto pasca di Magliano Pagina 11

BRICS Countries Ø BRASIL Ø RUSSIA Ø INDIA Ø CHINA Ø SOUTH AFRICA 12

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CHINA ROLE The importance of China in the world scenario is not only due to its domestic and external dinamism as China is now becoming the major defender of the free market China is expanding its influence abroad mainly in countries rich in terms of natural resources: Ø Natural resources import from Africa represents 20% of the total needs Ø New investments in Africa regard infrastructures and industries by creating new free-zones (Mauritius, Zambia, Ethiopia, Egypt Ø Great expansion concerns agriculture via the so-called land graber (local agricultural lands run directly by chineese entrepreneurs 16

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