2023-06-28 09:36:26
Commonwealth of Nations How does it affect the global economy?
the creation of the present international co-operation organizations; Most of them are aimed at economic cooperation. To develop the economy within that group of countries sustainably, to build a network to help each other in any aspect between countries. which all these things happened In order to enable countries to develop their own potential and within the member countries as well.
by the International Cooperation Organization The main types can be divided into international non-governmental organizations. and intergovernmental organizations which will have different duties and responsibilities And in addition, it also has cooperation in other areas, including the Commonwealth of Nations as well.
Commonwealth of Nations It is an international gathering that, for the most part, Formerly a colony of the British Empire provided that the members of such cooperation shall be independent and equal. which is different from when it used to be a colony which in the early stages There was an international meeting which we know as The Balfour Declaration of 1926 resulted in more freedoms for countries.
It is necessary to be a Commonwealth and be directly under the Royal Court of the United Kingdom. Before the London Declaration in 1946, during the reign of Queen Elizabeth II of the United Kingdom who tried to create as much freedom as possible After the conflict to liberate the independence of the colonial country. And with the economic and political problems that occurred after World War 2, resulting in the loss of the United Kingdom as a superpower. That’s why the Commonwealth of Nations It has become the only international cooperation with its own government.
Although the cooperation of the Commonwealth of Nations There will only be cooperation at the cultural level. But even so, there is still economic development within the group itself. Whether it is supporting economic development within that country, creating more stable trade efficiency. developing a strong financial system and the establishment of projects to develop natural resources in various countries firmly
All of these things can easily influence the global economy. because most of the members within this group of members Usually a country with a large industrial sector. which the United Kingdom in the days of the British Empire came into possession and develop at this point to be strong That makes the economy of those countries at a high level on the world stage. Including also influencing the import or export of goods, such as India, which can be said to be becoming an economic superpower in the field of industry and the development of the digital economy
This Indian economic growth It is predicted that it will be able to surpass Germany in the year 2035. It also has GDP ahead of the United Kingdom, or will Canada be considered a group of economic powerhouses with economic size. Ranked in the top 10 in the world, with very strong industrial and service sectors. Until enabling Canada to build strong economic cooperation between countries.
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refer
APEC2022. ‘Canada’ with 33 years as a co-founder of the APEC Economic Zone. https://apec2022.prd.go.th/canada-with-33-years-as-co-founder-of-apec-economic-area
ThaiPublica. The “Indian Decade” has arrived. Third Great Economic Power in the World in 2031. https://thaipublica.org/2023/01/pridi340_little-india
Commonwealth of Nations. Economic Development. https://www.commonwealthofnations.org/commonwealth-in-action/economic-development-2
Wikipedia, the free encyclopedia. Commonwealth of Nations. https://en.wikipedia.org/wiki/Commonwealth_of_Nations
Wikipedia, the free encyclopedia. List of Commonwealth of Nations countries by GDP (nominal). https://en.wikipedia.org/wiki/List_of_Commonwealth_of_Nations_countries_by_GDP_(nominal)
Wikipedia, the free encyclopedia. List of Commonwealth of Nations countries by GDP (PPP).
Last updated : 28 June 2023
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