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Brendan Hughes: Markets in Chaos: A History of Market Crises Around the World

Talking Billions with Bogumil Baranowski

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The Shift in Global Trade Dynamics

This chapter discusses the factors that led to the shift in global trade dynamics in the late 20th century. It explores how China's entry into the world economy and the opening up of global trade created pressure on the existing system. The chapter also emphasizes the impact of energy efficiency in reshaping demand and highlights how Japan's automobile manufacturers benefited from the shift in consumer preferences, leading to the perception that Japan would surpass the US in economic strength during the 1980s.

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