Economic Integration and Growth

Global economic growth and economic integration suffered major setbacks in 2020-21 owing to the Coronavirus crisis and the huge strains it put on people, companies and governments all around the world. Greater integration of women into the labor force is perhaps one of the most powerful levers of growth in many emerging markets. As trade costs decline over time, global-value-chain (GVC) trade expands across countries, particularly more in the faster growing country, consistent with the empirical pattern. [Extracted from the article] Copyright of IMF Economic Review is the property of Macmillan Publishers Ltd. and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)