Status, Identity, and Rising Powers

Author
Deborah Welch Larson, Alexei Shevchenko
Content Type
Working Paper
Institution
Centre for International Peace and Security Studies
Abstract
In the current era, the most striking development is the appearance of rising powers. These include Brazil, Russia, India, and China but also South Africa, Mexico, and South Korea. No longer can a small group of advanced states, the Group of Seven (G-7), manage the world economy. The G-7 has for all practical purposes been replaced by the G-20, which includes China, India, South Korea, Indonesia, and Australia. The emerging powers in Asia account for a growing share of the world's global domestic product. These powers are spending more on their military—India already has an aircraft carrier and plans to procure two more. China's growing navy is a major concern to the United States military.
Topic
Emerging Markets, Globalization, International Trade and Finance, Power Politics
Political Geography
Russia, United States, China, India, South Korea, South Africa, Brazil, Mexico