Global activity is a key driver of UK economic growth. Official estimates of world GDP and trade are only available … predicting large swings in world activity and have been particularly helpful since the onset of the financial crisis. A … combination of these indicators has performed much better at tracking world GDP and trade growth since 2008 than a simple …

"The rise in world trade since 1970 has raised international mobility of labor services. We study the effect of such a … globalization of the world's labor markets. We find that when people can choose between wage work and managerial work, the output …