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Q: How did the economic system help make it possible for the US to become a leader in the worldwide economy?
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Which economic system has become associated with authoritarian governments and total control of the economy?

The command economy is the economic system that is associated with authoritarian governments and total control of the economy. The government imposes strict control of the production activities, pricing and exports.


What is one of the downsides of increasing economic interdependence?

Economic interdependence can cause chain reaction such as the situation we are in right now. America's economy crashed due to the housing bubble and the other economys of the world crashed with America's.


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How did Taiwan become an economic power in Asia?

In the 1980s, Taiwan had become an economic power, with a mature and diversified economy, solid presence in international markets and huge foreign exchange reserves. Its companies were able to go abroad, internationalize their production, investing massively in Asia (mainly in China and in another Organization for Economic Co-operation and Development countries.


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How the economy of countries become powerful?

For a country to have a powerful economy, a country needs to make sure the unemployment rate of the country is as low as possible. The country sould constantly be investing in infrastructure that modernizes the country to lure spur business creation.


Why is a global economy important?

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When did the Olympics become worldwide?

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