The International Economy since 1945

The International Economy since 1945

The International Economy since 1945

The International Economy since 1945

Synopsis

In The International Economy Since 1945 , Sidney Pollard describes the most important global developments in economics during the last half century. In this comprehensive history the author covers all geographical regions and considers the effects of the major countries on each other. The International Economy Since 1945 analyses institutional issues, such as monetary policy or the multinational company, as well as worldwide issues. The author considers the impact of policies on economic life and includes discussion of:* the threat to the environment caused by economic change* advances in technology as they relate to growth* fluctuations in standards of living in all parts of the world* policies pursued and how they influence growth* reactions of other nations to the plight of the Third World* the Communist and Far Eastern economies* the impact of World War II on the global economy. The International Economy Since 1945 debates the key issues of current global and national policy-making and the effects of greater economic integration on inflation and employment.

Excerpt

The world economy after the war, 1945-50

effects of the war

The Second World War which came to an end in 1945 had caused more destruction, human as well as material, than any previous conflict. Europe had suffered most, together with Japan, but there was massive destruction also in China and south-eastern Asia, there had been much fighting which ravaged North Africa, and all maritime nations had sustained grievous losses at sea. the United States, Canada, Australia and New Zealand, among others, had devoted enormous resources to the war though they had been spared actual warfare on their territory, and, together with the colonial dependencies of the European powers, they mourned many killed and injured in the forces. Few areas of the globe outside Latin America were left unaffected.

In Europe alone, between 40 and 45 million people lost their lives: no exact count is possible, since many of those who died, especially among the more than 20 million victims in the Soviet Union, were civilians who perished in air raids, in labour camps or on the road, having been driven out of their homes. About 6 million Jews were killed in the Nazi death camps. Three million non-Jewish Poles and 1.6 million Yugoslavs also lost their lives. When the fighting ended, there were some 15 million ‘displaced persons’ awaiting repatriation. To these have to be added the missing births, and the millions of the injured.

China’s military losses included 1.3 million dead, while an additional 9 million civilians died in the war period and a further 4 million in the famine of 1945-6. Japan lost 2.5 million dead, and the human losses among other Asian countries, mostly civilian, may have numbered up to 5 million. American losses among the armed forces totalled 400,000 dead and 700,000 wounded, and other Allied . . .

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