A handful of developing countries are becoming major players in the global economy due, in part, to their large populations, rising trade flows, and rapidly growing economics. These evolving economies are likely to be of increasing interest to the 113th Congress. Led by China, these rising economic powers (REPs), include Brazil, India, Indonesia, Mexico, Russia, and Turkey. With large economies and rising shares of world trade flows, the REPs have greater involvement in World Trade Organization (WTO) negotiations and dispute settlement cases, have protested with greater frequency U.S. economic and trade policies, and are more able and willing to deflect or reject U.S. trade and market access demands. This book examines the economic strides these REPs have made and the potential stumbling blocks they could encounter if they do not take steps to improve their business climates by undertaking a range of trade, regulatory, and structural reforms.
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