Abstract:

This paper aims to analyze the global economic developments in recent years under the impact of economic crisis. 25 years ago, the global situation could be described as the scheme suggested by Immanuel Wallerstein: a "center" consists of small group of industrial powers, dominated by the United States, around which revolve "semi-periphery" countries with medium development, rest of the world and constituted the "periphery" massive misery in developing countries. The ascension of the emerging powers and changing their weight in the global economy also implies changes to in this picture and the balance of power globally. Emerging powers are now key decision makers of global order; the United States has to take into account. The recent financial and economic crisis, whose "replicas" continues to be felt today, brought to the fore a process without precedent internationally: moving gradual but firm, the center of gravity from developed countries to emerging economies. Over the last five years the world economy has experienced a long process of macroeconomic adjustment. The first part of the recession was recorded adjust imbalances in the private sector: reduced to a sustainable level of current account deficits in the developed and the current account surpluses of emerging and developing countries.