Skip to Main Navigation
VideoMay 18, 2015

Rise of the South: The New Masters of the Economy

Countries of the Northern Hemisphere have traditionally dominated the global economy, controlling everything from raw material exports and imports to commodity trading and capital flows.But the 21st century has turned this trend on its head: developing countries now concentrate 51% of global trade and, in a spectacular rise over the past 50 years, account for 40% of world GDP.