This figure represents about one-seventh of the global GDP growth for the FY 2021-2022, with nearly half of this risk being borne by low- and middle-income countries.
According to historian Angus Maddison, India was the richest country and had the world’s largest economy until the 17th century.
A new paper by leading economists Pinelopi Goldberg of Yale University and Tristan Reed of the World Bank which uses trade, capital flow, and immigration to show that there globalisation has slowed beginning around 2015, has sparked worldwide debate among policymakers.
