The global economy is at a critical juncture today. According to the International Monetary Fund's latest World Economic Outlook, global gross domestic product

Asia and China made disproportionate contributions to the slowdown of global trade growth in 2015. China’s import growth slowed starkly, driven by both extern

Using a panel vector autoregression and a novel measure of export-intensity-adjusted final demand, this note studies spillovers from China’s economic transiti

This paper focuses on the sluggish growth of world trade relative to income growth in recent years. The analysis uses an empirical strategy based on an error co

The share of emerging Asia in world trade has increased sharply over the past 25 years. A large part of this increase is the result of booming intraregional tra