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Economic Concentration

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

Economic Concentration