How do shifts in the global balance of power shape the world economy? We propose a theory of alignment-based “hegemonic … promote policy alignment and thereby facilitate deeper trade integration. A unipolar world, dominated by a single hegemon …, tends to support globalization. However, the transition to a multipolar world can trigger fragmentation, which is …

How do shifts in the global balance of power shape the world economy? We propose a theory of alignment-based “hegemonic … promote policy alignment and thereby facilitate deeper trade integration. A unipolar world, dominated by a single hegemon …, tends to support globalization. However, the transition to a multipolar world can trigger fragmentation, which is …

World Bank Enterprise Survey (WBES), together with the OECD Trade by Enterprise Characteristics (TEC), this paper looks at …