Chapter V. The World Overseas

Anonymous

National Institute Economic Review, 1967, vol. 39, 53-80

Abstract: Growth in industrial countries as a whole again amounted to nearly 5 per cent in 1966 (table 47) but the rate slowed down during the summer after moving ahead quite sharply in the first half of the year (table 34).Industrial production was more or less static in North America after August, and in Europe production has actually fallen slightly, reflecting the declines in Germany and the United Kingdom as well as in some of the smaller countries. The relatively favourable overall result in 1966 arose largely from the diversity of phasing as between different countries. France, Italy and Japan had found it necessary some two years ago to adopt the type of anti-inflationary restrictive policies now being applied in most other industrial countries. They therefore now have reserves of unused labour and capacity which enable them to expand without the inhibitions about wage and price inflation which are afflicting the other main industrial countries.

Date: 1967
References: Add references at CitEc
Citations:

Downloads: (external link)
https://www.cambridge.org/core/product/identifier/ ... type/journal_article link to article abstract page (text/html)

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:cup:nierev:v:39:y:1967:i::p:53-80_6

Access Statistics for this article

More articles in National Institute Economic Review from National Institute of Economic and Social Research Cambridge University Press, UPH, Shaftesbury Road, Cambridge CB2 8BS UK. Contact information at EDIRC.
Bibliographic data for series maintained by Kirk Stebbing ().