World Economy: New Patterns
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Table of Contents
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"...The old core is now joined by Japan, South Korea, China, India. The old core now exports military hardware and expertise – financial services, consultants of all types. It also exports entertainment – movies, music, recreational activities, sports, and fashion. ..."
Key Terms
- Economic Autarky
- Greater East Asian Co-Prosperity Sphere
- Great Leap Forward
- Import Substitution
Guided Viewing Questions
- What challenges has the global economy experienced since 1914?
- What nations have joined the core and what is their role in the global economy?
- How did some nations attempt to leave the global economy with economic autarky?