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The Student News Site of Stony Brook University

The Statesman

The Student News Site of Stony Brook University

The Statesman

Globalization and the demise of the American middle class

Eric Shalyutin September 10, 2012
Following the fall of the Berlin wall, many developing countries began liberalizing their economic markets and seeking membership in supranational organizations like the World Trade Organization (WTO). Large developing countries like China, Brazil and India began to produce commodities sought after by the consumers of developed Western nations.
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