Since 2003 the world economy has been on the road to recovery, thanks primarily to increased investment in many parts of the world, particularly led by a surge of investment in China.
Tourism has a positive effect on Botswana's economy. Tourism creates a surge of business for local shops, restaurants, and hotels. This is true of tourism in any country of the world.
The economy was good in the 1950's. After World War II the economy in America experienced a boom and grew by over 39 percent.
It has changed from a farming to an industrial economy.
Yup, since the american economy was so big and important in the world.
During World War II, the American economy experienced a significant transformation characterized by rapid industrial growth and a shift towards war production. Factories that previously produced consumer goods retooled to manufacture military supplies, creating millions of jobs and reducing unemployment. This surge in production not only boosted the economy but also led to technological advancements and an increase in federal government spending. Additionally, the war effort prompted a more active role for women and minorities in the workforce, reshaping social dynamics in the country.
yes, the world has changed, the micro-chip has been invented, so many things have moved on, the economy has to also.
it was the strongest economy in the world
the world experienced a whole lot in the 1900s
What were the major problems facing Western Europe after the war
In the post World War Two years, Great Britain shored up its economy by creating a surge of exports and withdrawing its forces in India and Palestine which were adding to the cost of running the UK. For a time, by retaining its colonial holdings in the Middle East and Africa also helped.
Japan's economy experienced tremendous growth following World War 2, so much so that it's often referred to as the Japanese post-war economic miracle. The country eventually suffered economic stagnation in the 1990s.
Yes the US has the world's second largest economy at $14.5 trillion. (the European Union has about $16.5 trillion) However the US has the largest economy of any nation, since the EU is not a nation.