Emerging and developing countries have grown faster than advanced countries since the 2000s. This shifting weight of global economic activity from 'the West'to 'East and South'is referred to as 'shifting wealth'. But in recent years, a number of factors, such as lower commodity prices, seem to...

The development process can advance more rapidly than ever before in the new global economy. While opening their economies to trade and investment is a necessary condition for developing countries to achieve sustained high growth and reduce poverty, it is by no means a sufficient condition....