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

Women-Breaking the Ice

 context by any standards: a fall in the rate of growth of world output, continuing deep structural and trade imbalances between the major capitalist powers, the looming threat of a three-cornered trade war with the US, Japan and the EEC as antagonists, and the breakdown of negotiations of financial institutions with the major debtors, Brazil and Mexico among others. And the IMF's annual survey, "World Economic Outlook", released around the same time, prognosticated an even more depressing scenario. The IMF has forecast that, without major policy changes in the developed capitalist countries, the trade imbalances will continue into the 1990s, leading to increased downward pressure on the dollar and further weakening of world output growth. The rate of growth of output in the major industrialised capitalist countries (the Group of 7) is unlikely to rise about 3 per cent even after 1988.

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