Emerging trends in global trade: a case of BIC
DOI:
https://doi.org/10.4025/actascihumansoc.v36i2.22890Keywords:
world trade, Brazil, China, India, new regionalismAbstract
Current article assesses emerging trends in global trade in the case of Brazil-India-China (BIC) Alliance. Although the globalized world is still recovering from the global 2008 crisis, it may be perceived that Brazil, India and China showed considerable growth during the crisis, continuing with the trend even after the crisis period. So that the growth observed in these three countries could be demonstrated, current paper is divided into three sections. The first section will deal with the emerging trends in global trade. Section two will examine emerging trends in Brazil, India, and China's foreign trade. The third section will examine the characteristics of the concept of ‘new regionalism’ and the role of WTO in accelerating the rate of growth in world trade for the coming years. Revised bibliography and descriptive statistics will be the methodology employed.
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