Gospodarka światowa 2013 – początek procesu dekonwergencji
World economy in 2013: The beginning of the deconvergency process

Summary/Abstract: The state of world economy in 2013 was not as good as predicted in 2012. Nonetheless, growth at the level of 3% is rather fair. The US economy turned out to be “world growth locomotive”, along with the Chinese and Japanese economies, which was due to the reforms introduced by the new prime minister Shinzō Abe, the so-called “abenomics”. But the most important event was the evident slowdown of emerging market economies, especially BRIC except China. Some of the biggest emerging market stars of the last decade, including Brazil, Russia and South Africa, ale now growing at a pace slower than that of the US. This trend is unlikely to change in the foreseeable future. These countries are in fact “deconverging”. Many emerging markets rely heavily on commodities for the bulk of their exports, and they grow at catch-up speeds – at a rate faster than the world’s leading economy – only when commodity prices are rising. Commodity-driven economies, such as Russia and Brazil, tend to stop catching up as soon as commodity prices spiral downwards.

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