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It is also true that the balance has often tipped quite dramatically in the nationalist direction - for example, in 1971, when Richard Nixon closed the gold window; or in the early 1980s, when Ronald Reagan's supply-side experiment was launched. It assumed that productivity increases in the agriculture and manufacturing sectors is due mainly to small, incremental refinement of old, traditional technologies for the purposes of exploiting widened markets and specialization and thus technologies could be assumed as given in the analysis.

Pages: 254

Publisher: Routledge (July 26, 1999)

ISBN: 0415203341

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