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

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Congress(I)-Youth to the Fore

September 15, 1984 rates have at least partly been possible because the US economy had plumbed considerable depths: industrial production in the US recovered to the old peak level of 1980 only in late 1983. The increased employment has largely been in low-paid, temporary, service sector jobs. The basic pressures leading to protectionism have in no way declined. The increased US demand has been largely confined to the armaments sector and has been met largely within the US. The increased demand has not had any significant impact even on Europe, despite the overvalued dollar. European unemployment rates show no signs of falling and the manufac- turing industy there continues to lack dynamism.

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