Question

Which country emerge as an economic superpower and the toughest competition in the world market of the 1970s and 1980s

Answer 1

China , which really has a strong impact on the world market .

Answer 2

In the late 20th century,the United States of America or USA was the only economic superpower in the world.

At that time , Soviet union was the only competitor of the USA.But the political breakdown of Soviet union, degraded it's economic growth.

That's why USA became the only economic superpower in our planet and this monopoly of USA is still unharmed to some extent.