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Global Shift – The European Union, the United States, and the Emergence of China

In: 50 Years of EU Economic Dynamics

Author

Listed:
  • Thomas Gries

    (University of Paderborn)

Abstract

In the 1960s the world economy had only one clear center. The US economy was the largest (in absolute terms) and richest (in per capita terms) economy and dominated the world economy. The economic world was mono-centric with a periphery. In the present context an economic center is an economically integrated region of the world, which can substantially affect others as well as the world economy.

Suggested Citation

  • Thomas Gries, 2007. "Global Shift – The European Union, the United States, and the Emergence of China," Springer Books, in: Richard Tilly & Paul J. J. Welfens & Michael Heise (ed.), 50 Years of EU Economic Dynamics, chapter 0, pages 25-45, Springer.
    • Handle: RePEc:spr:sprchp:978-3-540-74055-1_3
    DOI: 10.1007/978-3-540-74055-1_3
    as

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