The world’s mediocre growth of 3.3%(source:IMF)in 2014 was striking and is evidence of polarization.Perhaps it heralds new changes in the global economic order.China and the U.S.had the best performing economies,while there was polarization between the economies of the emerging countries and the developed world,as well as within both groups.China began major reforms,and registered a growth of 7.4%in 2014,the lowest in 25 years,yet still the world’s fastest.The U.S.economy grew 2.4%,beating the IMF forecast.The developed economies grew 1.8%(up 0.5 percentage points)while the emerging economies grew 4.4%(down 0.3 percentage points)—a buck in the trend of previous years.There was a sharp polarization last year in the economies of The world’s mediocre growth of 3.3% (source: IMF) in 2014 was striking and is evidence of polarization. Perhaps it heralds new changes in the global economic order. China and the UShad the best performing economies, while there was polarization between the economies of the emerging countries and the developed world, as well as within both groups. China started major reforms, and registered a growth of 7.4% in 2014, the lowest in 25 years, yet still the world’s fastest. The US economically grew 2.4% beating the IMF forecast. The developed nations grew 1.8% (up 0.5 percentage points) while the emerging economies grew 4.4% (down 0.3 percentage points) -a buck in the trend of previous years. There was a sharp polarization last year in the economies of