A survey of recent economic history looks at war recovery, government policy, stagflation, world food sources, labor flexibility, industrial research, trade deficits, and the Oil Crisis
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agreements agricultural American balance of payments balance-of-payments Belgium Britain British cent central banks co-operation Comecon companies consumer consumption crisis cycles deficit demand developing countries dollar domestic dynamic Eastern bloc economic growth effect energy Eurocurrency Europe and Japan European countries exchange rates expansion exports factors favour finance floating exchange rates France free-market gold growth rate important income increase industrial countries industrial products inflation influence innovations integration International Monetary System investment Italy Japan Keynesian labour productivity long-term Marshall Plan measures ment mixed economy modern multilateral multinationals oecd organization parities period planning political population post-war problem programme raw materials recovery reform reserve currency rise role SDRs Second World sectors share social Soviet Union stagflation sterling area structure surplus Sweden Third World United w. w. rostow wage West Germany Western Europe workers world economy world trade