Which of the following is the correct picture of the outcome of increased world trade after the 1950s, contrary to Servan-Schreiber's prediction?
A) Third World countries were excluded from this economic growth, thus leading to stark imbalances in wealth.
B) The European Union became the center of world trade, taking the position away from the U.S.
C) Japan became the dominant player in the world market, beating American and European multinationals.
D) Economic power and potential became more evenly distributed among countries.
E) Americans were able to reiterate their dominance in world trade through direct investment and growing exports.

Question

Quizplus · Accepted Answer

As a result of the expansionary trade measures led by the United States, economic power and potential became more evenly distributed among countries than was the case when Servan-Schreiber warned Europe about U.S. multinational domination.

Which of the Following Is the Correct Picture of the Outcome