But the prospects of a more equal distribution of global economic growth do give hope that the necessary adjustments will gradually come under way. I  Trends in globalisation  So that my comments on global imbalances may be better understood, I would like to begin with emphasizing three trends in globalisation.
First, for some decades now, world trade has been growing  BIS Review 41/2006  1  faster than global economic output. On an average of the past 30 years, world trade has increased one and a half times more than global GDP. In the 1990s, world trade grew more than twice as much as global output.