Study How Nations Such As China Revolutionized The Nature Global Power System

Developments in the value of the currencies are exciting and drastically different from our previous experiences. Recent economic crisis has resulted in a flight to risk that appreciated the value of the American dollar versus almost all of its trade partners. We now see the opposite as trade flows recuperates and Gross domestic product improves around the world. However a improvement in the job market in America, with economic improvement around the world created largely by developing nations had resulted in big variations in the values of the currency. Countries that have minerals and natural resources like oil have done well from the rise of China, the booming demand for these materials from developing countries lead by China, Inda and Brasil.

In comparison with period of March – June 2009 with June- July 2010, the New Zealand Dollar and the Aussi have gone up respectively 32% and 30% versus the Euro. Farming and natural resources – predominatly minerals account for 37.6% and 4.6% of Australia’s exports. In 2009 Australia exported $42.5B to the Chinese, resulting in China becoming their largest export market.

Other currencies experimenting large gains are the Canadian Dollar, the Colombian Peso, the Brazilian Real and the South African Rand. Canada is has the second biggest oil reserves of oil and gas in the world – 179 billion of barrels, and is the number 1 exporter of crude to America (satisfying 22% of the US demand) and the safer, investment-friendlier maker among the other top providers (Mexico, Saudi Arabia and Venezuela). Not only do they provide oil , but Canada is also a leading provider of farming fertilizers to the developing countries. The Canadian dollar has appreciated 21% versus the Euro in the mentioned period.

Brazil for its part has recently found an underwater reserve of oil with 3-5 billion barrels, the biggest oil discovery since the 2000 12 billion discovery in Kazakhstan. Brazil is also a leader in alternate energy – predominantly bio-fuel. Agriculture has also caught up in growth with production in soya using innovative genetic engineering indicating tremendous results. Brazil is the first country to be able to compete with the big five (United States, Canada, Australia, the EU and Argentina). Farm production value has increased from 23 billion reais to 108 billion reais (365%) between 1996 and 2006, its exports of beef have multiplied by 10. The Brazil Reais has appreciated 29% versus the Euro in the mentioned period.

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