Since the 21st century, few countries have recognized or to right the dawn of the world economy more stable. Major powers like the United States into a larger economy is the 21st century, and by all means more successful than ever before. Despite enduring two world wars, and in the 20th century, half of the depression, the eternal, it faces the challenge of the Cold War with the Soviet Union 40 of this year's sharp rise in inflation, mass unemployment and the presence of a large scope of government in the second half of this century budget deficit. Finally, this great country have the opportunity in the 20th century, a period of 90 years of economic calm. The product price stability, the unemployment rate dropped sharply, the Government registered a budget surplus, the stock market has experienced unprecedented prosperity.

However, the U.S. has been the philosophy of the early 21st century the subject of the right to economic change. They witnessed the telecommunications, computer and other sciences, which profoundly influenced the Americans in the work and to play a wave of technological innovation. Meanwhile, the growing economic strength in Western Europe and Asia, the emergence of economic power and growing commercial and financial, which introduces new opportunities and risks of global integration. Rapid changes in all of these results, or the Americans to re-examine everything from how to manage their own workplaces, the role of government. Perhaps this is why many workers, but satisfied with the current situation, in anticipation of future uncertainty.

As for the Third World, according to economic experts and the imagination around the world, India and China should rule the world of the 21st century. It is more than a century, the United States has been the world's largest economy, but major developments in the global economy has since led to shift the focus from the United States and Europe, the rich countries of the Asian giants India and China.

With the advent of the twenty-first century, there has been in India's approach to the management of the external sector the tremendous changes, according to changing circumstances. As the marginal current account surplus materialized, in India, the sustainability of current account deficit can not be an issue, the trade deficit continued existence and growth. In India, the current account of the positive results of a major supplier of workers remittances and software exports, as a global integration process results. Exchange rate regime and external debt management has been in India. The new policy regime in India will help support some of the global crisis and maintain its impressive growth. It has become apparent that the external sector management is closely related to the domestic sector and India, the main purpose of public policy is in the integrated management.

In addition, China and India trade in goods and services, a huge competitive advantage, at the same time, there must be in by the global economy. Therefore, these two countries seem more brilliant future of the reality of the struggle to correct global imbalances. In short, India has from the external management departments in implementing the domestic and foreign sector, the best combination, so that the advantage on the global economy.

Tags: asian giants, Economy, Global, Impact, Indian, market, unprecedented prosperity