Period | Early modern |
Super-states | United Kingdom of Spain • French Empire • German Union |
Historical events | pan-European wars • pan-Asian wars |
Corporate entities | Powerful and centralized |
Effects on economy | Centralized control • Vast centralized bureaucracies |
Industries affected | Steel manufacturing • Textile manufacturing |
Origin of super-states | Rise of powerful centralized bureaucracies |
Global economy characteristics | Integrated bilateral relationships • Between governments and corporations • Limited free market • Dominant multinational corporations per industry |
Entrepreneurs and small businesses | Rare |