Abstract
In the 1960s the world economy had only one clear center. The US economy was the largest (in absolute terms) and richest (in per capita terms) economy and dominated the world economy. The economic world was mono-centric with a periphery. In the present context an economic center is an economically integrated region of the world, which can substantially affect others as well as the world economy.
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Gries, T. (2007). Global Shift – The European Union, the United States, and the Emergence of China. In: Tilly, R., Welfens, P., Heise, M. (eds) 50 Years of EU Economic Dynamics. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-540-74055-1_3
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