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The growth differential with America's economy has narrowed and is expected to contract further this year.
The average growth differential between them and low-skill people was a whopping 2.6 percentage points a year.
"But the current account deficit is only a sign of other developments of more direct importance, in this case the significant and sustained growth differential between the U.S. and its trading partners".
"With its sovereign debt issue and the growth differential in the euro zone," Mr. Jen said, the euro is "just too expensive".
Moreover, the growth differential between emerging and developed economies is also likely to continue to narrow, while a number of developed markets have experienced higher volatility than some of their EM peers over the past five years so the diversification argument for allocating to EM equities is no longer so valid.
The U.S. has regained its positive growth differential.
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"This shows that growth differentials are very important," Mr. Schneider said.
The answer depends as much on the likely policy mix as today's growth differentials.
China has reduced poverty, but both regional growth differentials and income inequality has increased significantly.
These growth differentials are possibly specific to maternal eating pathology, rather than more general psychopathology, since male children of women with other psychiatric disorders had comparable BMI trajectories to children of mothers without ED.
2,4‐D is likely to impact growth rate as a whole, but it is unclear whether this would also increase differential growth.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com