World according to Martin Wolf

Date:22Jul2017

In 7 charts, Martin Wolf, FT’s Chief Econ Editor, shows the profound changes the world economy is undergoing and it is faced with. These are the rising share of Asia in global output, changing demographics of the global economy, declining productivity (particularly in advanced countries), China’s huge saving rate, the digital economy, the slowdown in globalization of trade and finance and rise of populism. (See here for an earlier link on this last issue and here for (the summary of) a new paper by Dani Rodrik.)

It makes very good and a simple reading for Intro to Global Economy courses. I would have added the exceptionally low interest rates to the list — another very interesting and defining characteristic of today’s global economy, that Wolf himself likes to often talk about (as in here).