ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846
-A A +A

Unemployment and World Crisis of Economic Policy

Unemployment and World Crisis of Economic Policy Andre Gunder Frank The present recession is the fourth in a world economic crisis that may be said to have begun in 1967. The succession of recessions, the advance of inflation, and the doubling of unemployment in the West between the 1967 and the 1973-75 recessions and its doubling again from the latter recession to the present one, as well as restructuring of the world economy, arising from differential declines in productivity and consequent shifts in the political-economic balance of power in the West, have posed insurmountable, and still growing, obstacles to the effectiveness of formulation and implementation of political-economic policy at both the national and the international levels.

Subscribers please login to access full text of the article.

New 3 Month Subscription
to Digital Archives at

826for India

$50for overseas users

Get instant access to the complete EPW archives

Subscribe now

Comments

(-) Hide

EPW looks forward to your comments. Please note that comments are moderated as per our comments policy. They may take some time to appear. A comment, if suitable, may be selected for publication in the Letters pages of EPW.

Back to Top