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Why has China experienced substantial economic growth since the late 1970s?
Answer this question… Local governments have been granted more independence when making economic policy.
Which factor played a major in China's economic growth since the late 1970s?
shifting from a command economy to a mixed economy
How did the US economy change in the 1970s?
In the 1970s, the US economy experienced significant challenges, notably stagflation, which is characterized by high inflation combined with stagnant economic growth and high unemployment. The oil crises of 1973 and 1979 exacerbated these issues, leading to soaring energy prices and disrupted supply chains. Additionally, the decade saw a shift from manufacturing to service-oriented jobs, marking a transition in the labor market. Overall, the 1970s were marked by economic instability and transformative changes in industry and consumer behavior.
What ended the Golden year of Capitalism?
The Golden Age of Capitalism, typically defined as the period from the end of World War II to the early 1970s, came to an end due to a combination of factors. Key among these were the oil crises of the 1970s, which led to stagflation—a combination of stagnant economic growth and high inflation. Additionally, the shift towards globalization and increased competition from emerging economies challenged the dominant Western capitalist model. Economic policy changes, including a move towards deregulation and a focus on neoliberalism, further marked the transition away from the post-war economic consensus.
How did the embargo by the Organization of Petroleum Exporting Countries (OPEC) contribute to stagflation problems in the early 1970s?
The OPEC oil embargo in the early 1970s led to a significant increase in oil prices, which caused inflation as the cost of energy and goods rose sharply. This inflation occurred alongside stagnant economic growth and high unemployment, creating a situation of stagflation. As businesses faced higher operational costs, they reduced investment and hiring, further exacerbating economic stagnation. The combination of rising prices and stagnant growth challenged traditional economic policies, leading to widespread economic turmoil.
Did japan experience outstanding economic growth in the 1970s through the 1980s?
Yes
What was the Brazilian miracle of the 1970s?
The Brazilian Miracle of the 1970s was the name given to the huge economic growth seen in Brazil. This occurred under a military regime.
Which factor did not contribute to the growth of the South's population during the 1970's?
One factor that did not contribute to the growth of the South's population during the 1970s was economic growth. While economic growth can often attract people to an area and contribute to population growth, the South experienced slower economic growth compared to other regions during this time period. Factors such as increasing job opportunities and favorable business conditions were not as prominent in the South during the 1970s, which limited its population growth.
Why has China experienced substantial economic growth since the late 1970s?
Answer this question… Local governments have been granted more independence when making economic policy.
Which factor played a major in China's economic growth since the late 1970s?
shifting from a command economy to a mixed economy
How did the US economy change in the 1970s?
In the 1970s, the US economy experienced significant challenges, notably stagflation, which is characterized by high inflation combined with stagnant economic growth and high unemployment. The oil crises of 1973 and 1979 exacerbated these issues, leading to soaring energy prices and disrupted supply chains. Additionally, the decade saw a shift from manufacturing to service-oriented jobs, marking a transition in the labor market. Overall, the 1970s were marked by economic instability and transformative changes in industry and consumer behavior.
True or false In the 1960s and 1970s France achieved great affluence.?
True. In the 1960s and 1970s, France experienced significant economic growth and affluence, often referred to as the "Trente Glorieuses" (the Glorious Thirty). This period was marked by rapid industrialization, increased productivity, and a rise in the standard of living, supported by strong government policies and investment in infrastructure. However, this growth also led to social changes and challenges that would emerge later.
Which of theses does not describe the 1970s?
For A+ the answer is investment rate growth
What ended the Golden year of Capitalism?
The Golden Age of Capitalism, typically defined as the period from the end of World War II to the early 1970s, came to an end due to a combination of factors. Key among these were the oil crises of the 1970s, which led to stagflation—a combination of stagnant economic growth and high inflation. Additionally, the shift towards globalization and increased competition from emerging economies challenged the dominant Western capitalist model. Economic policy changes, including a move towards deregulation and a focus on neoliberalism, further marked the transition away from the post-war economic consensus.
How did the United States beat the 1970s economic delimma?
by war
How did the embargo by the Organization of Petroleum Exporting Countries (OPEC) contribute to stagflation problems in the early 1970s?
The OPEC oil embargo in the early 1970s led to a significant increase in oil prices, which caused inflation as the cost of energy and goods rose sharply. This inflation occurred alongside stagnant economic growth and high unemployment, creating a situation of stagflation. As businesses faced higher operational costs, they reduced investment and hiring, further exacerbating economic stagnation. The combination of rising prices and stagnant growth challenged traditional economic policies, leading to widespread economic turmoil.
China has experienced rapid economic growth since the late 1970s as a result of?
Shifting from a command economy to a mixed economy.
