trade leads to a stable world income distribution. This is because specialization and trade introduce de facto diminishing … perspective time-series behavior of the world economy is similar to that of existing endogenous growth models, with the world … country level, the cross-sectional behavior of the world economy is similar to that of existing exogenous growth models: cross …

This paper explores the emergence of a world economy since 1950 and its implications for the world's labor force. There …, the world economy is still in its adolescence. Rapid integration has occurred among the industrial economies, but … the industrial economies, but not in world income inequality as the income gap between the industrial and developing …

's rise as a powerhouse in these goods supplanted a role previously occupied by the East Asian Tigers, the world may again be … mirror the decentralization of manufacturing production in the U.S. and Europe, which occurred after World War II …