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Chapter V. The World Economy

Published online by Cambridge University Press:  26 March 2020

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Extract

The year 1968 proved in the end to be a substantially more favourable one for the world economy than had been expected. For industrial production in the OECD countries the rise of about 6 per cent, compared with less than 2 per cent in 1967, was still rather below the average for other recent years. But the growth in their aggregate national output, which had dropped to 3 per cent in 1967, recovered in 1968 to a little more than the previous average of 5 per cent.

Type
Research Article
Information
National Institute Economic Review , Volume 47 , February 1969 , pp. 64 - 84
Copyright
Copyright © 1969 National Institute of Economic and Social Research

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References

note (1) page 65 A. Maizels, ‘Industrial Growth and World Trade’, Cambridge 1965, page 88, and United Nations Monthly Bulletin of Statistics. All the years selected for the com parison were relatively good ones for world trade.

note (1) page 66 National Institute Economic Review no. 35, February 1966, pages 60-63.

note (1) page 68 J. H. Williamson, ‘The Crawling Peg’, Essays in Inter national Finance, Princeton University, December 1965.

note (2) page 68 D. Jay, ‘Time for Monetary Reform’, The Banker, January 1969, page 22.

note (1) page 77 National Institute Economic Review no. 43, February 1968, page 57.