Although the characteristics of the global economy have changed dramatically over the past 30 years,as late as the 1960s all of the following demographic characteristics were true,except:

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During the 1960s, the U.S. dominated the world economy, foreign direct investment, and roughly half of the world was governed by centrally planned economies of the Communist world. However, small U.S. entrepreneurial firms did not dominate the international business scene at that time.

Although the Characteristics of the Global Economy Have Changed Dramatically