During the 1990s, literature on the international political economy was dominated by the idea of globalization. Dramatic decreases in transport costs and the rise of fast and cheap telecommunications technology have made geography less relevant and facilitated massive increases in global trade and new forms of multinational production. Whether or not such developments are good or bad is a topic of ongoing political debate. Some argue that an expanding global economy provides new opportunities for the developing world to integrate into global markets and to achieve rapid rises in living standar...

• Word Count: 7309
• Approx Pages: 29
• Grade Level: Graduate

At the time this Report is being released, the world economy continues to emerge slowly from the most serious economic crisis of the post–World War II period-one that has deeply transformed the global economy and highlighted the increasingly important role that emerging markets and developing economies play in the global economy. As advanced economies are searching for ways to speed up their economic engines, emerging and developing countries have been important drivers of the global economic recovery. As a result, the nature of the relationship between advanced economies and emerging on...

• Word Count: 4162
• Approx Pages: 17
• Has Bibliography
• Grade Level: Graduate