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The 1980s
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The 1980s were a period of great difficulty for much of the world economy: a slowdown occurred among developed market economies; a ‘great divergence’ manifested itself within the developing world; and Eastern Europe and the Soviet Union saw a slowdown in growth and eventual disintegration. As a result of these and other trends, profound economic policy changes were implemented in many parts of the world, leading to greater trade and financial integration and a smaller role for the state. After studying the Survey’s analysis of these trends, this chapter compares Survey recommendations with those of the World Bank, IMF, UNICEF, and ILO. The Survey had a broader agenda for the adjustment process and an emphasis on the need for the industrial countries and multilateral agencies to provide greater assistance to that process. Moreover, it was ahead of the curve in anticipating many of the emerging problems and policy challenges of the 1980s
Title: The 1980s
Description:
The 1980s were a period of great difficulty for much of the world economy: a slowdown occurred among developed market economies; a ‘great divergence’ manifested itself within the developing world; and Eastern Europe and the Soviet Union saw a slowdown in growth and eventual disintegration.
As a result of these and other trends, profound economic policy changes were implemented in many parts of the world, leading to greater trade and financial integration and a smaller role for the state.
After studying the Survey’s analysis of these trends, this chapter compares Survey recommendations with those of the World Bank, IMF, UNICEF, and ILO.
The Survey had a broader agenda for the adjustment process and an emphasis on the need for the industrial countries and multilateral agencies to provide greater assistance to that process.
Moreover, it was ahead of the curve in anticipating many of the emerging problems and policy challenges of the 1980s.
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