Last year, virtually all the very “serious people” threw in the towel on global growth and trade. It’s been apparent for quite some time (like say, a couple of years) that the slump in trade growth has likely become structural and endemic as opposed to transient and cyclical in the post crisis

Angel Gurria, secretary-general of the Organisation for Economic Co-operation and Development (OECD), gestures during a news conference, part of the G20 finance ministers and central bank governors' meeting, in Moscow, July 19, 2013. Most major world economies are continuing to show stable growth

United States President Barack Obama speaks during the Climate Summit at United Nations headquarters in New York, September 23, 2014. U.S. President Barack Obama said on Tuesday a new global agreement on climate change must include strong commitments from emerging economies and move past the

Ten years ago, developing economies were catching up with developed ones remarkably quickly. It was an aberration NOWHERE are the consequences of different rates of growth clearer than on a trip up the Pearl River Delta in southern China. At the river’s mouth sits Hong Kong, a city in which average