With the academic body of knowledge and the empirical evidence that we possess today, if one predicts the evolution of global economy in the next few decades with regards to the emerging economies and them taking the centre-stage, It is hard not to envisage more financial crises, and high unemployment in the future in the developed world... The implications are huge... The western world will not want to lose its hegemony... It is highly imperative that developing word focuses on developing their defence capabilities simultaneously...