CHAPTER 7
Salient Patterns in the Global Economy
- Volatility and Interconnectedness: The Surge in International Trade, FDI, and Structural Imbalances International Trade Has Grown Faster than the World’s Output FDI Has Grown Faster than International Trade Structural Imbalances Continue to Swell
- Geographical Concentration of the Global Economy
- The Declining but Still Dominant Position of the United States
- Europe: Dominance, Diversity, and Gradual Decline
- Transitional Economies: Eastern Europe and Russia
- Continuous Ascendance in the Asia Pacific: The China Effect
- India: The Steady Growth
- Latin America: Lagging Behind
Volatility and Interconnectedness: The Surge in International Trade, FDI, and Structural Imbalances
The Western capitalist economies ...