How has aggregate income and welfare in the United States been affected by globalization and rapid productivity growth in emerging economies? We use the class of constant elasticity trade models to …

1 Introduction History provides examples of large changes in the relative economic size of nations. Often these eco-nomic realignments coincide with heightened geopolitical tension. A historical example is …

The importance of studying emerging giants stems from their increasing importance in shaping the world economy. Of the roughly 6 billion people in the world today, about 5 billion live in lesser developed …

Similarly, productivity growth in Japan and China led to a decline in the relative income of the United States, but brought aggregate welfare gains from the resulting expansion in global production …

Oct 13, 2025 · As the global economic landscape shifts, a new class of nations is poised to redefine prosperity and power. These "emerging giants" are driving unprecedented growth and opening fresh …

Apr 9, 2024 · The global economy is increasingly influenced by the Group of Twenty’s large emerging markets. Over the past two decades, these economies have become much more integrated with …

Nov 27, 2024 · As we step into 2024, the global economy is undergoing significant transformations, driven by emerging markets, technological advancements, and evolving geopolitical dynamics. The …