Economics and Business Review

One of the defining characteristics of recent history is the tremendous growth of many economies that, not long ago, were described as ‘third-world’. As of 2025 (according to the IMF), developing economies constitute 41.5% of world GDP–more than twice the share in 1995. That growth fuelled many scientific inquiries that reveal distinctive characteristics of economic processes in developing countries, thereby broadening economic knowledge beyond what is presented in typical economics courses in Western countries. Economics and Business Review, due to its focus on emerging market economies, is one of the beneficiaries of that growth, because many of its publications show how well-known economic processes operate in local, often non-Western circumstances. In this context, the editors are glad to welcome Dani Rodrik, who, along with John Cantwell and Ari Van Assche, has recently agreed to join the journal’s Editorial Advisory Board. Professor Rodrik has devoted much of his writing to the problems of international trade, globalisation, and the role of emerging markets in that process, and repeatedly reminded readers that the local context must be taken into account when analysing the problems and policy challenges in particular economies. He stems from that view in the opening piece of the current issue of Economics and Business Review, where he notes that advanced economies have started to experience problems typical of developing economies and offers tailored, original policy recommendations to address them. (Michał Pilc, Konrad Sobański).