Rising Economic Powers and the Global Economy: Trends and Issues for Congress

by Sabrina I. Pacifici on September 20, 2011

CRS – Rising Economic Powers and the Global Economy: Trends and Issues for Congress, Raymond J. Ahearn, Specialist in International Trade and Finance, August 22, 2011

  • “A small group of developing countries are transforming the global economic landscape. Led by China, India, and Brazil, these rising economic powers pose varied challenges and opportunities for U.S. economic interests and leadership of the global economy. They also raise significant policy issues for Congress, including the future direction of U.S. trade policy and negotiations, as well as for the multilateral economic institutions that have historically served as the foundation of an open and rules-based global economy. This report addresses ongoing shifts in global trade and finance and projected future trends resulting from the emergence of these economies. It is the first of a three-part CRS series that focuses on how the Rising Economic Powers are affecting U.S. interests and raising challenges for congressional oversight of U.S. international trade and financial policies.”
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