It has been a win-win for the world, with corporations in advanced economies expanding their businesses in developing economies, all the while creating new jobs in the developing world. Trade openness has grown by 8% for the past 10 years, with 130 countries rising in economic prosperity since 2009.
It has been the result of US-led trade liberalization, leading to countries opening up their economies for free global trade. Globalization has been the most important result of US political influence, especially since 1990. For instance, China, India and Russia hold considerable sway regionally, with the US dominating the global political landscape. Many countries have their local spheres of political influence. Ī country’s political power over other countries allows it to exert its influence on their policymaking as well as rally them towards common causes.
You can skip our detailed analysis of how political influence shapes the global economy and go directly to 5 Most Politically Influential Countries in the World. In this article, we take a look at the 25 most politically influential countries in the world.
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