Question

refers to a fundamental global shift in which developing economies that were once dependent upon industrialized countries for economic advancement, begin to solidly grow based on their own underlying economic strengths.

Answer 1

Decoupling

Step-by-step explanation:

Decoupling is an economic phenomenon that is taking place mostly in Asian countries that show an economic growth regardless of what is happening on rich countries like the US and many European nations. After the great recession that lasted until 2010, many Asian economies became less dependent on exporting goods to rich countries, and started to grow based on domestic private consumption. Following President Trump's foreign trade restrictions, China became the world champion of capitalism, and even their president lectured Trump on the advantages of free trade and growing domestic markets. The bottom line is that the world changed, and now economies that used to depended solely on exporting cheap goods to rich countries are started to grow and depend on themselves.

Answer 2

The correct answer is: Decoupling.

Step-by-step explanation:

Great Decoupling was a process detected in the 80s according to which employment growth, GDP growth per capita, and the percentage of families with average disposable income began to lag behind in relation to economic and productivity growth .

The worst thing is that this phenomenon has increased with the financial crisis that began in 2008 and appears today, apparently from the beginning of this century, as a structural change in the economies of developed countries.

Improving the rate of productivity of resources faster than the rate of economic growth is the idea behind the concept of "decoupling." That objective, however, requires an urgent rethinking of the links between the use of resources and economic prosperity, backed by a massive investment in technological, financial and social innovation, until at least freezing the level of per capita consumption in countries rich and help developing nations to follow a more sustainable route.