Published by:
MIT Sloan School of Management
Length: 15 pages
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Abstract
The Fall of the Berlin Wall in November of 1989 marked the end of the old contest between capitalism and communism; the integration of the European Common Market on 1 January 1993 will mark the beginning of a new economic contest. At that moment, for the first time in more than a century, the United States will become the second largest economy in the world. Japan, Europe, the United States - who will own the twenty-first century? This article is adapted from Thurow''s forthcoming book, Head to Head: Coming Economic Battles among Japan, Europe, and America (William Morrow, 1992).
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Abstract
The Fall of the Berlin Wall in November of 1989 marked the end of the old contest between capitalism and communism; the integration of the European Common Market on 1 January 1993 will mark the beginning of a new economic contest. At that moment, for the first time in more than a century, the United States will become the second largest economy in the world. Japan, Europe, the United States - who will own the twenty-first century? This article is adapted from Thurow''s forthcoming book, Head to Head: Coming Economic Battles among Japan, Europe, and America (William Morrow, 1992).