10 Countries to Rule World Trade
By siliconindia   |   Wednesday, 04 January 2012, 02:00 IST   |    1 Comments
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korea
Korea South Korea has a market economy which ranks 15th in the world by nominal GDP and 12th by Purchasing Power Parity (PPP), identifying it as one of the G-20 major economies. Despite the global financial crisis, the South Korean economy was able to avoid a recession unlike most industrialized economies. In 2010, South Korea made a strong economic rebound with a growth rate of 6.1 percent, signaling a return of the economy to pre-crisis levels. South Korea's export has recorded $424 billion in the first eleven months of the year 2010. The South Korean economy of the 21st century is expected to grow from 3.9 percent to 4.2 percent annually between 2011 and 2030, similar to growth rates of developing countries such as Brazil or Russia. At $1.05 trillion Korea accounted for 2.8 percent of world trade in 2010. This figure is set to rise to $4.7 trillion and account for 3.8 percent of world trade by 2030.
indonesia
Indonesia Indonesia makes to the list for the first timemotivated by trade with China, Japan and the European Union. Although the country's economy slowed to 4.5 percent growth in 2009 from the 6 percent-plus growth rate recorded in 2007 and 2008, by 2010 growth returned back to a 6 percent rate. Indonesia outperformed most of its regional neighbors during the recession. The government in 2011 faces the challenge of improving Indonesia's infrastructure to eliminate hindrances to growth, addressing the climate change concerns, predominantly with regard to conserving Indonesia's forests and peat lands. The figure for Indonesia is set to rise to $8.8 trillion and account for 3.1 percent of world trade by 2050