Economic Prospects of the 1980s

Nicholas Kaldor
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Nicholas Kaldor: University of Cambridge

Chapter 15 in Monetary Theory and Economic Institutions, 1987, pp 326-343 from Palgrave Macmillan

Abstract: Abstract 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.

Keywords: Middle East; Real Income; Commodity Price; European Economic Community; United States Dollar (search for similar items in EconPapers)
Date: 1987
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Persistent link: https://EconPapers.repec.org/RePEc:pal:intecp:978-1-349-08781-5_15

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DOI: 10.1007/978-1-349-08781-5_15

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