Perhaps the most distinctive feature of international trade in recent years is the rise of multistage global production networks in which firms fragment manufacturing production across borders by locating individual production stages in the countries where they can be performed at least cost...

Recent evidence on functional income distribution suggests that the shares of capital and labour in national income vary considerably both over time and across countries. Specifically, there seems to be a general reduction in the labour share around the world, in particular from the mid-1980s...

"It is 2015. George Clooney is US President. Angelina Jolie is Vice President. Bob Geldof and Bono, respectively, Irish President and Prime Minister. China has just overtaken the US as the world's largest economy. India is not so far behind. Some of the UN poverty targets - the Millennium...