Gear-shift in Car manufacturing

MATTEO FERRAZZI of Unicredit Group and ANDREA GOLDSTEIN of the OECD analyze the transformation of the global car industry, a cornerstone of global manufacturing in terms of turnover, employment, trade and technology incubation.
They state that global economic crisis had magnified pre-existing challenges, accelerated the rebalancing of global economic activity between industrial and emerging economies with a dramatic shift in the location of production with BRIC countries expanding their share from 10% to 33% in a period of 10 years. 
In their report for Chatham House' World's Industrial Transformation Series, "The New Geography of Automotive Manufacturing", they conclude that the industry would continue to be global, with new players (from China and India) increasing their share of fast-growing emerging markets and gradually become capable of challenging the incumbents in Western markets.

New world economic order

JIM O’NEILL, chief economist at Goldman Sachs reviews the durability of the BRIC economies through the economic shock and examines how the crisis had benefited each of the BRIC economies and what they would need to do to further increase momentum. In an article, "BRICs are Still on top", he predicts that the G20 would have a larger role in conflict reduction in the future and that a new multipolar global currency system would allow greater diversity in global trade and investment and mitigate the global imbalances that have arisen out of the dependency on the dollar.