Submitted by: Submitted by boilabo05
Views: 126
Words: 536
Pages: 3
Category: Societal Issues
Date Submitted: 03/30/2013 02:02 AM
Palma, Ian Jeric M. POLSC 188
2009-06132 One Pager
From the beginning of the 21st century, the potential conflicts bubbling for many years have become more visible, and the crises besetting international economic and political situation are getting more serious. Although no worldwide war has broken out, regional military conflicts have never stopped. Following the Asian financial storm, a global financial crisis was triggered by the US sub-prime turmoil. While people are still hoping the financial crisis would come to an end, the European debt crisis began to spread. As the world was encountering political and economic difficulties, the emerging market countries of Brazil, India, Russia and China - with their special resources, population and market advantages - grasped the opportunity, and greatly enhanced their respective national powers. The four BRIC countries were like a combined fleet sailing across the continents. After South Africa joined the group, BRICS further extended their influence. Meanwhile China needs to enhance its cooperation with the BRICS group, as much as the group needs China's participation. The reform policy China has pursued in the past 30 years enabled the country to change beyond recognition - China in the 21st century is completely different from China over 30 years ago. In the past 10 years in particular, China has achieved what developed countries did in several decades or even centuries.
The gross domestic product of China's economy has increased from less than 10 trillion renminbi (RMB) to nearly 40 trillion RMB, rising from position 6 to number 2 in the world ranking. Its foreign trade has increased from less than $500 billion to nearly $3,000 billion, again putting the country second in the world....