MGMT 1030 Lecture Notes - Lecture 10: Bretton Woods Conference, International Monetary Fund, General Agreement On Tariffs And Trade
20 Jul 2016
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Document Summary
Outline of kenneth norrie et al, the modern era: since 1945 , in norrie et al, a. History of the canadian economy, 3rd ed. , (scarborough, 2002), pp. Norrie identifies four primary features of canadian economic and industrial development between 1945 and the mid-1990s: 1)great growth. In real dollars, gdp increased by a factor of seven and gdp per capita tripled: 2)structural change. The service sector reached more than 75% of the labour force by the early 1990s, up from 20% of the labour force in 1881. The agricultural labour force declined from 50% in 1881 to about six percent in the early 1990s: 3)divided into two separate phases. 1945 to 1972 witnessed annual growth of five percent. 1973 to 1992 witnessed annual growth rates of 2. 9% The 1973 oil shock inaugurated the phenomenon of stagflation high levels of inflation and unemployment occurring at the same time. Inflation reached 11% annually in 1975: 4)changes in attitude about macroeconomic management.
