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Introduction

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Abstract

Since the end of the last war economists have pointed to the fact of growing interdependence among countries in the world economy; but it was only in the early 1970s that the reality of interdependence was brought home to national policy-makers. The breakdown of the Bretton Woods monetary system in 1971 and the commodity crisis of 1973–4 were the dramatic turn of events which produced the new awareness of mutual dependency.

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Copyright information

© Leonard Gomes 1978

Authors and Affiliations

  1. 1.Middlesex PolytechnicUK

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