Balance of Economic Power

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  • BALANCE OF ECONOMIC POWER
    • There have been SHIFTS in the BALANCE OF ECONOMIC POWER
    • This has occurred in a WORLD that is MORE INTERDEPENDENT than ever before
    • ECONOMIC RECOVERY in the USA is as IMPORTANT as in CHINA
      • This is because CHINA HOLDS much of the USA's SOVEREIGN DEBT
    • Therefore DEVELOPING NATIONS PROVIDE a MARKET for its manufacturing goods.

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