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 …

In contrast, we focus on the economic effects of rapid productivity growth in large emerging economies on the income and welfare of other countries. Any model is necessarily an abstraction and hence it is …

This paper studies how countries in di®erent stages of development respond to the emergence of a poor, giant economy. A model is developed that highlights an important channel by which an …

Dec 8, 2025 · A new National Bureau of Economic Research study helps fill in the missing context. In “ Accommodating Emerging Giants in the Global Economy,” economists (Zhuokai Huang, Benny …

5 days ago · But trade alone isn’t propping up the global economy. Domestic demand and services sector activity in many Emerging Markets nations have also added to global economic growth, an …

6 days ago · The World Economic Forum’s Scenarios for the Global Economy Dialogue Series leverages foresight and cross-industry dialogue to help decision-makers understand and navigate …

Accommodating Emerging Giants in the Global Economy How has aggregate income and welfare in the United States been affected by globalization and rapid productivity growth in emerging economies? …