The World Economy In the Post-war
The end of the post-war industral boom in the early 1970 heralded a crisis for industral capitalism. The system shock precipitated by the quadrupling of petroleum prince in 1973 as a result of the OPEC cartel has been indicted major cause of the economic donwtrun. However as hamilton(1984) expained a number of other trends originaring in the provious or beforeewere also responsible for the recession. Theses included the following