The Market Revolution

William Ryrie

Chapter 4 in First World, Third World, 1999, pp 74-93 from Palgrave Macmillan

Abstract: Abstract The shift towards market-based policies in the late 1980s and early 1990s, remarkable for being virtually world-wide, was a turning point in economic history. It was evident in the industrial democracies about the beginning of the decade and there were some signs of it earlier still. German Socialists moved away from traditional socialism in the 1970s and the French Socialist party did so rapidly while in power in the early 1980s. In Britain, while the Thatcher government was making radical changes, including privatisation, the Labour Party in opposition broke away from its socialist roots and accepted much of the Thatcherite revolution. Later Tony Blair led them further in that direction, breaking away even from the word ‘socialism’. In other European countries, such as Spain, there was a similar trend, and even before the collapse of communism in the East, the Communist Parties of Italy and France had moved far from their traditional positions. And in the United States, the 1980s were the decade of two Republican Presidents, Reagan and Bush, and Clinton in the 1990s led the Democratic party far from the left-leaning ways of thinking that had characterised it since it was led by Franklin Roosevelt.

Keywords: Private Sector; Foreign Direct Investment; Market Economy; Foreign Investment; State Ownership (search for similar items in EconPapers)
Date: 1999
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-59681-8_4

Ordering information: This item can be ordered from
http://www.palgrave.com/9780230596818

DOI: 10.1057/9780230596818_4

Access Statistics for this chapter

More chapters in Palgrave Macmillan Books from Palgrave Macmillan
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().