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India's economy was pushed to near bankruptcy
Europe had enormous capital and industries which allowed it to dominate the world economy by the beginning of the twentieth century. It was also superior militarily.
Europe had enormous capital and industries which allowed it to dominate the world economy by the beginning of the twentieth century. It was also superior militarily.
Well, if I could bring you something this week, and you could bring me something next week, maybe after that we could just meet in the middle and...trade stuff.
The growth of capitalism.
The Philippine economy surged upwards with the reconstruction and growth of US military bases in the country.
there was a brief recession, followed by economic growth
There was a brief recession, followed by economic growth
The invention of credit cards
a good economy
The United States has been the richest country in the world since about 1900. It is expected to remain the richest country until about 2050, when China is expected to surpass. However, this is only if things keep going the way they are, which is not likely. See, before this economic slump, the US was experiencing massive growth spurts in its economy for a long period of time. In fact, the economy is still growing despite this slump. However, the economy couldn't handle this and the bubble popped, sending the economy downhill. We are seeing a similar characteristic in China's economy. China has been experiencing massive growth spurts in its economy for about a decade. However, the Chinese economy cannot contain all this growth. Also, the growth in China has been coming to a halt. GDP growth rates are slowing, stocks are dropping, etc. What we are experiencing is a minor shift in economic slump from the Western World to the Eastern World. The growth first remained with the Western World up until about the last decade, then the power switched to the Eastern World. However, the shift is somewhat beginning again as although there is still slumps in the West, there are beginning to be some slumps (although not nearly as close as to the West experienced) in the East. We will just have to wait and see what happens next.
Ghana is the most developed country in west africa since is the fastest growth economy in the world
Joan O'Connell has written: 'Cambridge distribution in a world economy' -- subject(s): Economics 'On growth and saving'
it was the strongest economy in the world
R. Nurkse has written: 'Problems of capital formation in under-developed countries' 'Equilibrium and growth in the world economy'
The economy of Brazil is the world's seventh largest and eighth largest by purchasing power parity. Brazil has moderately free markets and an inward-oriented economy. Its economy is the largest in Latin American nations and the second largest in the western hemisphere. Brazil is one of the fastest-growing major economies in the world with an average annual growth rate of over 5 percent.
Myanmar is the world's fastest-growing economy, according to the IMF's latest World Economic Outlook. The country's GDP is projected to grow by 8.6% this year. At this time Papua New Guinea has taken over the ranking of the fastest growing economy. It has a GDP growth of 16 percent.