It is now well known that, in the course of overcoming the global financial crisis, the global economy has moved from an advanced-country-centered framework to a multipolar one, as can be observed in the persistent gap now seen between growth in advanced economies and that in emerging markets, and in the differences in growth paths even among the major advanced countries themselves.
Of course, in one dimension this phenomenon may be seen as helping to narrow the income gap between the advanced and the emerging economy blocs.