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The Great Divergence or European miracle is the socioeconomic shift in which the Western world (i.e. Western Europe and the parts of the New World where its people became the dominant populations) overcame pre-modern growth constraints and emerged during the 19th century as the most powerful and wealthy world civilizations, eclipsing previously ...
[2] [3] The median age of women tends to be much greater than that of men in some of the ex-Soviet republics, while in the Global South, the difference is far smaller or is reversed. In this article, two sets of data based on Central Intelligence Agency (CIA) and United Nations (UN) estimates are provided.
The March to Modernity, coined by Kishore Mahbubani in his 2008 book, "The New Asian Hemisphere: The Irresistible Shift of Global Power to the East", refers to Asia's modernization using and adapting the seven pillars of Western ideology, causing Asia to rise and to become the new global power. Asia's modernity was first achieved by Japan and ...
Globalization can be spread by Global journalism which provides massive information and relies on the internet to interact, "makes it into an everyday routine to investigate how people and their actions, practices, problems, life conditions, etc. in different parts of the world are interrelated. possible to assume that global threats such as ...
Klaus Schwab, founder and Executive Chairman of the World Economic Forum, Richard Baldwin and Philippe Martin have divided the history of globalization into four eras: Globalization 1.0 was before World War I, Globalization 2.0 was after World War II "when trade in goods was combined with complementary Globalization 3.0, for which other terms ...
By 2010, China surpassed Japan to become the world's second-largest economy and at the same time it also surpassed Germany in terms of export volume, becoming the largest in the world. The massive increase of GDP in China has led to an increase of living standards for the Chinese since their incomes have doubled or even quadrupled every 10 years.
The global silver trade between the Americas, Europe, and China from the sixteenth to nineteenth centuries was a spillover of the Columbian exchange which had a profound effect on the world economy. Many scholars consider the silver trade to mark the beginning of a genuinely global economy , [ 1 ] with one historian noting that silver "went ...
Intermittent conflict with China led to full-scale war in mid-1937, drawing Japan toward an overambitious bid for Asian hegemony (Greater East Asia Co-Prosperity Sphere), which ultimately led to defeat and the loss of all its overseas territories after World War II (see Japanese expansionism and Japanese nationalism).