Economic Globalization and Uprising of Newly-emerging Developing Powers

AbstrcatEconomic globalization is an objective trend independent of man's will. Although the developed countries take the lead in the economic globalization drive during a certain period, economic globalization undoubtedly brings a rare opportunity for newly-emerging developing nations to catch up and overtake the developed ones. Only a few developing powers have a good foundation in overall national strength and in basic scientific studies. These countries may realize great-leap-forward development and mount to modernized countries only if they actively take part in the course of economic globalization and seek advantages and avoid disadvantages. However, most developing countries have found themselves in straitened circumstances as they are facing more challenges than opportunities. Some of the under-developed countries will probably be marginalized and loss opportunities for development again.