The American dollar is currently considered the most powerful currency, and other countries hold it for emergency backup in their central banks. The purchasing power is determined by the strength of the country's currency. Economic power and sizeĮconomic power is related to the country's purchasing power. 2 - Stool of sustainability for superpowers of the world 1. One leg could be a bit shorter, resulting in the instability of power held by the superpowers of the world.įig. The development of a superpower of the world varies on different factors but can be generally represented by legs that form the stool of sustainability.
Geo-strategic location and local patterns of power are other factors that can contribute to the rise of a country to become an emerging superpower of the world. What will happen to the stock market if the economic superpowers of the USA, China or Germany collapse? Its collapse will have a domino effect on other nations' economies. Economic superpower : a country with influence over the global economy.BRIC (Brazil, Russia, India, China) is a well-known acronym to describe the countries that fit under the category of emerging power. Emerging power : a country with increasing power over recent years, with the potential to become a superpower.China and India are regional powers in Asia. Regional power : a country with a dominant influence over countries in the same geographical region, such as within the continent.The United States is the only country to claim hegemony. Hegemon : a supreme power that is dominant over many geographically distant countries, using many measures of dominance.There are many levels of hierarchy between superpowers of the world: 1 - Animals as a metaphor for the superpowers of the world Measures of dominance explain the reasons why some predators are more successful than others.įig. Imagine countries of the world like packs of animals in the safari: larger predators are more powerful and have more prey options smaller predators may follow a larger predator and take the leftovers.
This is because these countries present as geopolitical threats to each other. Superpowers of the world are likely to be the countries that you hear about in the news. A global superpower is a nation that has an influence on other nations.
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