BA 3340 Lecture Notes - Lecture 99: Monetarism, Byrsonima Crassifolia, Aggregate Demand
Document Summary
Period that lasts from 1945 to par:cularly 1960"s (50 + 60) to the 1970"s. Con:nued subject to change based on existence of certain circumstances. Historically con:ngent aspects to state business labour rela:ons. Basically us supported ruks against the communists because they secure f-world opportunity. Golden keynesian welfare state emphasis is placed on maintaining full employment or high and state employment and minimul level is of social security for the domes:c or na:onal popula:ons. Star:ng in the laaer parts of the 1950"s erossion of capitalism probtability level for business. The central reason was ever over accumula:on over accumula:on. Germany and japan -2 major economies as they grow major export growth challanges commercial supremacy/in world of exports. Combined with 3rd world development nics expanding exports. Which leads to major increase in world manufacturing capacity. New produc:on facili:es that brought on stream venders exis:ng produc:on facili:es less cost eecient.
