Killing WTO softly

Over the last decade or so, emerging economies such as China, India, Brazil, Indonesia, Mexico, South Africa and Turkey have come to dominate the global economic scene. The International Monetary Fund forecasts that the share of emerging and developing economies in world GDP will increase from 38 per cent (51 per cent on purchasing power parity basis) in 2012 to roughly 44 per cent (55 per cent) in 2018, with China alone to account for 15 per cent (19 per cent).

Read Full Story>>