old joke goes, the rest of the world caught a cold. But that dominance is now being challenged by the rise of rapidly … outline the consequences of this evolving world economic order – in particular, how it is decoupling the business cycles of …

The BPCG model provides an interesting hypothesis regarding economic growth. The main implication is that world demand … consistently .nds an important role for the level of the real exchange rate and investment, independently of world demand growth. …

China and India are rapidly growing, labor-abundant economies with very different export mixes. China is more … countries. Improvement in the range and quality of their exports can create substantial welfare benefits for the world, and for … China and India, and can offset the terms-of-trade losses otherwise associated with rapid export growth. Most countries will …