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 …

This international political power can be used to in-fluence economic decisions in trade partners, through for example threats of trade policies or sanc-tions. In contrast, we focus on the …

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 22, 2025 · Accommodating Emerging Giants in the Global Economy (nber.org) 12 Posted by msmash on Monday December 22, 2025 @03:42PM from the small-world dept.

Nov 26, 2025 · DP20870 Accommodating Emerging Giants in the Global Economy Zhuokai Huang Benny Kleinman Ernest Liu Stephen Redding 26 Nov 2025 How has aggregate income …

Abstract of a paper featured on NBER: How has aggregate income and welfare in the United States been affected by globalization and rapid productivity growth in emerging economies? …

The central finding of this paper is that the emergence of giant economies leads to a classic terms of trade shock that sets in motion a structural transformation and perhaps a growth slowdown …