Among the major trends in the world economy today is(are)

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Chinese dominance in manufacture is certainly a major trend in the world economy today, as China has become the world's largest manufacturer and exporter of goods. Additionally, China does hold a significant amount of the U.S. national debt, which has implications for the global economy. There has also been a substantial move of European automotive production to east-central Europe, driven in part by lower labor costs and favorable government policies. Finally, the former communist countries of east-central Europe have become attractive locations for manufacturing firms in Western Europe and elsewhere, thanks to their skilled workforces, improving infrastructure, and favorable business environments. Taken together, all of these trends highlight the ongoing shift in the global economy towards emerging markets and lower-cost production locations.

Among the Major Trends in the World Economy Today Is(are)