A country with the capacity to project dominating power and influence anywhere in the world,
sometimes in more than one region of the globe at a time.
Defined by:
· Size
Larger countries tend to have greater resources as well as the fact that both…
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Many top economy countries have `safe currency' e.g. US$ and are part of global
organisations like the G8 or create trading blocs.
· Resources
Some resources are critical to economic development i.e. oil and metals. Metals
such as Iron Ore are the key to the steel industry whilst…
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a. The Mercantilist phase: England began the first large-scale approach to mercantilism
during the Elizabethan Era (15581603). This period saw various, but often disjointed efforts by
the court of Queen Elizabeth to develop a naval and merchant fleet capable of challenging the
Spanish on trade. Regulations on trade and exports…
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USA USSR
By 1940 it was the world's largest In 1941 they had the industrial strength to
manufacturer of industrial and defeat invading Germans
consumer goods
It produced the goods and finance to Had the world's second largest economy in
help rebuild Europe after WW2 1941 overtaking Britain
By…
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Their goal is to help producers of goods and services, exporters, and importers conduct their
business
The World Bank
The World Bank is a United Nations international financial institution that provides loans to
developing countries for capital programs. The World Bank is a component of the World Bank
Group, and…
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