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Ramachandra Bhagavatula

Essay
Special
1980
The Continuing World Economic CrisisPremium Article available to subscribers and site license holders.
Harold van B. Cleveland and Ramachandra Bhagavatula

In some ways, the world economic scene in 1980 was a rerun of 1979, with rapidly rising oil prices, a business slowdown in the industrial world, balance-of-payments trouble in developing countries, too little stability in financial markets, and too much inflation. But there was a significant change, too, in 1980, above all in the perception of the world's economic troubles and what to do about them.

Essay
Special
1980
The Continuing World Economics CrisisPremium Article available to subscribers and site license holders.
Harold van B. Cleveland and Ramachandra Bhagavatula

INTRODUCTION: In some ways, the world economic scene in 1980 was a rerun of 1979, with rapidly rising oil prices, a business slowdown in the industrial world, balance-of-payments trouble in developing countries, too little stability in financial markets, and too much inflation. But there was a significant change, too, in 1980, above all in the perception of the world's economic troubles and what to do about them.