One of the major developments in the world economy over the past three decades or so has been the rapidly growing share of the developing countries. Indeed, the rise of developing countries as significant drivers of global growth and trade has been recognised as the defining feature of globalisatio

World Gross Domestic Product (GDP) and trade suffered significantly as a result of the 2008 global financial crisis. There was some recovery during 2009-2012 but the world's export orientation has been declining gradually over the past few years. Several studies suggest that a 'new normal' is emerg

In addition to the several reasons for the global trade slowdown discussed earlier (First-part of the article published in the FE on July 10, 2020), one major structural factor associated with this and the Commonwealth trade slowdown is the consolidation of value chain activities in production and