Economic Prospects of the 1980s
It would be generally agreed that the economic prospects of Europe and of the world look very uncertain at present. In the first twenty-five years after the war, people became accustomed to continued growth year by year at remarkably high rates — 4–5 per cent on the average — to full employment and a rapid rise in living standards in the industrially developed countries; growth has also accelerated in the underdeveloped countries, though this did not prevent the absolute differences between rich and poor becoming steadily larger.
KeywordsMiddle East Real Income Commodity Price European Economic Community United States Dollar
Unable to display preview. Download preview PDF.