Open access
THE WORLD ECONOMIC BREAKTHROUGH. NEW IMPETUS FOR ECONOMIC GROWTH IN THE WORLD AFTER 2008
Mirosław GEISE1
Varia
Publication language: Polish
Journal article
Transformations No. 1-2 (84-85) 2015, Publication date: 6 May 2015
Keywords: globalization, financial markets, the BRICS countries , transformation, crisis
Abstract This article describes a process of stepped-up structural changes in the world economy. The growing strength of the BRICS group, especially China, with the concurrent reducing of economic activity in the high-developed countries, creates a distinct change in the balance of a power on a world economic stage. Within a few years China has become the main economic partner for the many countries, instead of the USA. The dynamic economic changes lead to the historical turn in the cash-flows and ways of financing the trade settlement in the world. China becomes the main financial donator and the Chinese Yuan the most significant and important currency in the international financial settlements.
Instytut Nauk Politycznych, Uniwersytet Kazimierza Wielkiego w Bydgoszczy; Przewodniczący Rady Naukowej przy PTE w Bydgoszczy
E-mail: mgeise@o2.pl