In this page, we illustrate global real income exposure to productivity shocks using a network graph, where the nodes are countries, and the edges capture bilateral real income exposure. For legibility, we display the 50 largest countries in terms of GDP and the 200 edges with the largest absolute values of bilateral real income exposure. The size of each node captures the importance of each country as a source of productivity shocks (as a source of real income exposure for other countries); the arrow for each edge shows the direction of bilateral real income exposure (from the source of the productivity shock to the exposed country); and the thickness of each edge shows the absolute magnitude of the bilateral real income exposure. Countries are grouped to maximize modularity (the fraction of edges within the groups minus the expected fraction if the edges were distributed at random). 

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