Larger growing emerging markets—including India—are identified as poles that are significant, but yet to realise their full potential, says the report. Photo: HTDavos: India has been ranked low among countries across the world in terms of being an ‘influencer’ in the global system while legacy power players such as the US, the UK and Japan continue to dominate, says a report. The Suisse Research Institute on Friday published its report ‘Getting over Globalization’, which outlines how the global economy is moving into a more multi-polar form. “Larger growing emerging markets (Russia, India, Brazil, Chile and South Africa) are identified as poles that are significant, but yet to realise their full potential,” the report said. The report further noted that if 2016 is the year that ‘broke’ globalisation, then 2017 will see the makings of a more multi-polar world.

Source: Mint January 20, 2017 11:12 UTC