To 2027 and Beyond: A Survey of Arbitration in the 'Asian Century'
Article from: TDM 5 (2011), in Resolving International Business Disputes by ADR in Asia
It was in 2001 that Goldman Sachs made the first of its predictions for the inclusion in global policy-making of Brazil, Russia, India and China (the so-called BRIC economies), based on their growing importance and contribution to the global economy. Over the course of the last decade, Goldman Sachs' focus has turned to economies predicted to follow the BRICs; the "Next Eleven", which include from South/East Asia Indonesia, South Korea, the Philippines and Vietnam. By 2027, China is expected to take over from the US as the world's economic super-power. In 2011, with the emerging ...