Economic Transformations
The economy underwent significant changes from the 1950s to the 1980s, initially thriving under heavy regulation in various regions, including Latin America and parts of Asia. However, as the gold standard ended and oil shocks hit, many developing nations faced severe crises, while growth began to surge in China and India. This era marked a transition towards neoliberalism and globalization, reviving 19th-century economic ideas centered on free-market capitalism.In this clip
From this podcast
The Science of Everything Podcast
Episode 104: The History of the World Economy and Growth
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