The world economy in 2020

摘要

In recent years, an increasing number of non-OECD countries have become sizable exporters of manufactures, in which there is now a flourishing two-way trade with OECD countries; it accounts for a large portion of the growth in commerce. The sametrend is observed in capital flows, with an ever-larger share of OECD private foreign investment destined for non-member countries. Brazil, China, India, Indonesia, Russia the "Big Five" (each with a population over 150 million and GDP larger than