by Monty Guild on Wed, 8 Sep 2010
The rise of smaller emerging nations as trading powers
Recent research by UBS economist Jon Anderson illustrates how trade is being reshaped in the developing world. It will probably not surprise you to learn that between 1998 and 2008 six developing nations recorded an increase in exports (as measured by manufacturing & GDP) of more than 25 percent. What will surprise you are the names of these countries.
The emerging market countries that grew their exports by the largest percentage were not the big countries one might expect, such as China, Brazil or India. Instead, they were smaller countries, with less celebrated economies. They were Cambodia, Thailand and Vietnam in South East Asia and the Czech Republic, the Slovak Republic and Hungary in Eastern Europe.
Why did these countries record the highest increase in exports?