Emerging countries are now exerting a negative effect on OECD countries

We are now seeing that : T he imports of emerging countries (including China) are stagnant or falling and therefore are no longer driving growth in global trade or in OECD countries ; P roduction continues to be offshored from OECD countries to emerging countries, where production costs are still low . E merging countries are clearly exerting a negative effect on the OECD economies at present .