To be sure, the recent weakened pace of world economic activity has raised concerns that the full cycle of the past decade has yet to be definitively concluded. But the already clearly evident increased resiliency arguably supports the view that the world economy already has become more flexible irrespective of how events unfold in the weeks and months ahead.
2020024 (November 2, 2020). 9 See Statistics Canada, “Study: The Impact of the Manufacturing Decline on Local Labour  Markets in Canada,” The Daily (January 15, 2020). -7Innovations in recent decades in advanced economies have also contributed to the rise of superstar firms with considerable market power. We’ve seen this before: think of the railways well over 100 years ago.