BUSA 356 Lecture Notes - Lecture 15: Dirty Bomb, King Assassination Riots, Greenhouse Gas
6 Mar 2018
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Document Summary
The new view of capitalism centers on an expanded role for governments. The last half of the 20th century was a period of unprecedented prosperity across a very significant part of the globe. Between 1975 and 2002, more than 97% of the world"s countries experienced increased wealth, and almost half saw annual increases in real gdp of more than 3%. Opec led rise in oil prices that began in 1973 imposed a huge tax on the world economy and slowed growth. Large groups of the global population experienced unprecedented improvements in their standard of living. Global income has doubled since 1980 and more than 450 million people have been lifted out of extreme poverty since 1990. Major forces leading changes: internationalist perspective post world war ii. Leaders of major nations sought to create organizations that would precedent a recurrence (un, bretton woods, img, world bank, european economic community -> eu).
