Developing Countries Poised to Reap Rewards of Globalization's Accelerating Integration
Global trade has been growing faster in recent years, mainly because developing countries are playing a bigger role. This growth is due to changes in business cycles and increased purchasing power in these countries. The trend towards global integration has sped up since the mid-1980s, as more countries have shifted towards outward-focused development strategies. World trade is expected to keep growing, with some regions benefiting more than others. To achieve balanced integration, countries need to invest in their export sectors for long-term success.