middle of the 19th century until its interruption with outbreak of the First World War in 1913 till the end of the Second … World War in 1945. The second wave is ongoing dating from 1950. Two sub-processes of integration are usually distinguished … integration and their impact on trade, growth and poverty in the world's two dominant developing countries in emerging markets …

The Global Financial Crisis and the recent slowdown of China's growth have led to questions about the sustainability of … China's growth. The argument is that, China is too dependent on external demand and that it needs to “rebalance” its economy … estimate of the vulnerability of China's economy to external shocks, in the form of exports and FDI. Our estimates show that in …