The New World Order

The global financial crisis has left the United States and the European countries in disarray. They no longer command the same attention and influence they once possessed.
These countries have witnessed a meltdown of sorts with regards to their economies, and have faced severe backlashes on the social and political front as a result of the economic and financial crisis.
So where does this financial crisis leave the developing world, and the third world ?
The third world countries...the poorest, are suffering greatly. Not only have they been hit by the crisis indirectly, but they also have been hit very hard directly via losses in remittances and similar incomes from the western developed nations. Also, the crisis has meant that the rich nations are 'cutting costs'(sans the bailouts !) and that means lesser foreign aid for the third world.
What about the big developing economies ? The Indias and Chinas of the world ? Well China is still the fastest growing economy in the world and India the second fastest. However, China is struggling with high levels of unemployment. India on the other hand was the highest employer this year, creating millions of jobs across various sectors.
There is no doubt that India, China, Brazil and Russia together have become the most formidable economic force(via BRIC). But is this a new world order ?
The simple answer is YES. These countries are not just economically strong, but are very powerful militarily and politically. They are becoming more and more vocal at the international level and in some cases are pushing aside USA and EU to hog the limelight.
Be it the WTO or the UN, the World Bank or the IAEA, these countries are being heard like never before. Their importance to the world is growing everyday. No problem in the world can be solved without their participation. These countries are also the largest investors in the developed countries and hence enjoy great leverage on the developed world.
Folks, the world has changed in the last year or so. Move over USA and EU, the BRIC is here !