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America’s History: Printed Page 1008

America: A Concise History: Printed Page 914

Chapter Timeline

AMERICA COMPARED

Global Trade, 1960–2009

One of the major consequences of economic globalization is an increase in trade among nations. The figures below show imports and exports for four of the world’s largest economies.

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FIGURE 31.3
Imports, 1960–2009
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FIGURE 31.4
Exports, 1960–2009

QUESTIONS FOR ANALYSIS

  1. Question

    Notice how U.S. imports rose at roughly the same rate as those of other countries until the 1970s. What accounts for the acceleration of U.S. imports thereafter?

  2. Question

    China’s exports rose spectacularly after the 1990s. Germany increased its exports in this period dramatically as well. What evidence do you see here for increasing competition for the United States in a globalizing economy?