![]() ![]() During the Second World War, industrial production in the US more than tripled meanwhile its major competitors were either severely weakened or virtually destroyed. Their planning was quite realistic at that time, as well as being sophisticated and quite successful.ĢFrom the turn of the century, the US had been the leading industrial power in the world. Perhaps it would be more accurate to say that the world order that was constructed from the ruins of that catastrophe was to an unusual extent (maybe to a unique extent) the product of quite careful and sophisticated planning on the part of business and political leaders, mostly American for obvious reasons. So, I want to talk about the world order that arose from the ashes of the Second World War, which is when the current system was established, pretty much in its present form. 1 Lecture delivered at Jawaharlal Nehru University (New Delhi) on 13 January 1996.ġWhat I want to do today is to focus attention on the current scene, but also on its origins, which I think are important for understanding it. ![]()
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