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

In: The World Economy Towards Global Disequilibrium

Author

Listed:
  • Mario Baldassarri
  • Pasquale Capretta

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.

Suggested Citation

  • Mario Baldassarri & Pasquale Capretta, 2007. "Thirty Years from Now … If Everything Continues as It Has in the Last Five Years," Palgrave Macmillan Books, in: The World Economy Towards Global Disequilibrium, chapter 3, pages 14-21, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-59084-7_3
    DOI: 10.1057/9780230590847_3
    as

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