Recommended articles: Industrial Organisation, International Trade, Productivity and Innovation

1. These are the 8 major forces shaping the future of the global economy.
2. Innovation and production in the global economy: The consequences of recent shocks. One consequence of the last decades of globalisation is that, thanks to multinational firms, goods are increasingly being produced far from where ideas are created. Using general equilibrium modelling, this column analyses the welfare and distributional effects of the recent wave of protectionism. Central to the results is the flexibility that multinational firms have in locating their innovation and production activities around the globe.
3. Emerging markets and global growth. Does the recent turbulence in emerging markets mean global growth will slow? New research suggests otherwise.
4. Does trade cause growth?
5. The cost of data protectionism. Countries are increasingly imposing new data policies which restrict both the domestic use of data and the flow of data across borders. This column uses an index of data policy restrictiveness for 64 major economies to demonstrate that restrictions that apply to the cross-border movement of data have an inhibiting effect on trade in services and, to a lesser extent, on the productivity of local companies and industries. Policies targeting the use of data, on the other hand, are found to have a comparably larger effect on productivity.
6. High-growth emerging economies and the companies that propel them. Some emerging economies have grown much faster and more consistently than others. Underlying these success stories is a pro-growth policy agenda and the standout role of large companies.
7. Superstar firms, market power, and corporate inequality: The role of intangible capital. The emergence of ‘superstar’ firms that achieve vastly better returns on invested capital have led to concern that some sectors are too concentrated. The column argues that this difference in returns can be accounted for by better measurement of intangible capital. These firms may not be exercising market power in ways that harm consumers in the short run, but policymakers should ensure that markets remain contestable.
8. ‘Superstars’: The dynamics of firms, sectors, and cities leading the global economy.