Abstract
This article aims to bring light on the differences between "the wortld economy" and "the global economy". As a result of the globalization the manufacturing sector significantely changed its geography. China's road to success is studied in general terms. The explicability of such a policy is shown by the analysis of the different global market demand for manufacturing, agricultural and primary sectors. Interim results of the globalization are summarized and the problem of economic backwardness is considered the main obstacle.
Keywords
economy, world, globalization, state, developed countries, developing countries, catching-up development, global crisis, global, international
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