All about the global changing economy !

The global economy is being buffeted by powerful crosswinds. Disruptive financial market turmoil is slowing growth in advanced economies. But emerging market economies have provided a measure of global resilience, this has also set the stage for a boom in food and fuel prices. The divergence in performance between advanced and emerging economies points to an ongoing shift toward a multi-. Emerging economies will not decouple from the advanced economies, but neither will they be derailed, as witnessed all too often in the past. These developments reflect three salient trends are transforming the dynamics of the global business cycle. First, strong internal growth momentum in emerging and developing economies is providing a being given to its export sector by growth in many economies around the globe. Can emerging economies, notably China and India, sustain this internal momentum? Inevitably, in an increasingly globalized economy, growth spillovers from advanced to emerging and developing economies remain sizeable. Indeed, both trade and financial linkages are rising become more integrated into global markets.