One of the most dramatic changes in the world economy over the past half century has been the emergence of China as a major force in world trade. A central question in international economics is the implications of such economic growth for the income and welfare of trade partners. A related question in political economy is the extent to which these large-scale changes in relative economic size necessarily involve heightened political tension and realignments in the international balance of power.

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15 September 2020

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LSE Business Review

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https://blogs.lse.ac.uk/businessreview/2020/09/15/productivity-growth-in-one-country-affects-the-relative-income-and-welfare-of-its-trade-partners/

This Blog is published under the centre's Trade programme.