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World Economic and Social Survey 1995

Current Trends and Policies in the World Economy

image of World Economic and Social Survey 1995

Authoritative and reliable, the Survey is a detailed assessment of the state of the world’s economic and social situation. Its forecasts for the upcoming year and lucid description of national and international economic policies, emerging issues and trends make it ideal for the international businessman or economist. Issued annually, since 1948.

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Limitations of macro-policy in industrialized countries

Overcoming economic recession and conntering high rates of inflation have been major goals for short-term policy-malting in the developed market economies since the end of the Second WorId War. Rates of success in the policy arena may have been mixed, but the tools of policy were seen as quite potent. Today, the view is more nuanced. Macroeconomic policy is still widely considered necessary, and a potent means, to avoid reaching the extreme points of business cycles. However, the capacity to fme-tnne in the short rnn through macroeconomic management per se is thought to be small.

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