Thirty Years from Now … If Everything Continues as It Has in the Last Five Years

Mario Baldassarri and Pasquale Capretta

Chapter 3 in The World Economy Towards Global Disequilibrium, 2007, pp 14-21 from Palgrave Macmillan

Abstract: Abstract During recent years, the scenario for world development has radically changed. A growing number of countries have joined the WTO and their explicit intention of breaking down commercial barriers has favoured a progressive integration of world trade. China and India, above all, have availed themselves of the opportunities offered by this altered scenario. For different historical and political motivations these two countries had previously excluded themselves from the mechanisms of world trade. Now that they have joined the already strong presence of other smaller economies of Southeast Asia (the so-called “tigers of the East”) on the international scene, they have, in turn, spurred the dramatic acceleration of economic and financial integration currently taking place around the world.

Keywords: Purchase Power Parity; Purchase Power Parity; Financial Integration; Labour Market Structure; Numerical Exercise (search for similar items in EconPapers)
Date: 2007
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-59084-7_3

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DOI: 10.1057/9780230590847_3

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