Economic Integration and Global Crises: A Perspective from the Developing World

Abstract

It is now commonplace to note that global production and trade structures have changed substantially in the recent decades of greater global integration, and particularly since the turn of the century. The past two decades have been seen as the period of “emergence” of some developing countries as major exporters and importers, as well as new sources of foreign capital flows. This is widely perceived to have significant implications for existing trade structures and patterns, as well as for global power as expressed in other ways.