Global Economic Power Shift: The Role Of Developing Countries On The World Stage

The shift in global economic power has transformed the dynamics of economic relations between nations. Developing countries are increasingly prominent in their contributions to global economic growth. This article analyzes the driving factors behind the progress of developing nations such as China, Brazil, India, and ASEAN countries. The analysis focuses on population growth, technological advancement, industrialization, and integration into international trade. This article employs a qualitative literature review approach and descriptive analysis. The study examines two theoretical perspectives: modernization theory, which emphasizes technology-and investment-driven economic transformation, and dependency theory, which critiques the structural inequalities between developed and developing nations. The findings reveal that while developing countries have succeeded in increasing their GDP contributions and roles in global economic forums like the G20, they still face challenges such as reliance on commodity exports, developmental disparities, and geopolitical pressures. The article proposes the implementation of sustainable development as a solution to balance economic growth, social equity, and environmental sustainability, enablingdeveloping nations to become strategic actors in global economic trends.