1945

Introduction

There is general agreement that the 1970s will bring very appreciable changes in the characteristics and trends of the world economy, compared with the 1960s. The monetary and financial crisis of 1971, which occurred after a number of warning signs and disruptions, has been seen as an outward sign of all the changes that have been brewing within the world economy and as a first step in the readjustment of institutions and procedures to deal with new circumstances.

Related Subject(s): Economic and Social Development
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