Compose a 2250 words assignment on international trade growth. Needs to be plagiarism free! The most vigorous world economies at the moment are the emerging economies all of which come from third world countries. Mixed fortunes have continued to face the first world countries on the other hand, with some receding to the serious economic crises in the recent past. Decisions to bail out major industrial players in some of the popular first world economies characterize the volatility of their performance amid global economic hick-ups.
In this study, a comparison of economic growth for two model countries from both extreme economic class ends has been used to demonstrate the real picture on the ground. The world economy is shifting opportunities from the earlier domination by first world countries on to the emerging economies. Economic growth prospects held by each of these countries is likely to affect the overall performance of the national economies posted by the two conditions experienced with UAE expected to post growth.
“…following the Dubai World debt announcement made last year, a new report by Business Monitor International has predicted… while it expected the UAE to return to growth this year following an estimated 2.7 percent contraction in 2009…” (Sambidge, 2010)
The United States has been the world’s leading economy dominating global commerce directly or indirectly to make billions of dollars. The general performance of the USA relative to other countries especially the emerging economies such as the United Arabs Emirates points at some major economic disparities. A World Bank “Doing Business” report released in November 2010 ranked Dubai as the third best global economy offering the necessary environment for international trading.
Questions could arise why it was not announced in favor of one of first world country economies. Economic performance trends attracting investment into the country will facilitate economic growth needed by the third world countries to surpass the first world countries. .