May 2024
Intermediate to advanced
688 pages
51h 31m
English
Content preview from Business Environment, 1st Edition by Pearson
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| 230 | Part III: The Economics of Development
the defects and defi ciencies of capitalistic system. The First World
War further accelerated the pace of economic planning, when the
whole economic activity was required to meet the exigencies of
war. After the end of the Second World War, the rehabilitation of
the war-affected countries required careful and proper planning.
Lastly, during the post war period, in the 1940s, many underde-
veloped countries were liberated from their long political bondage
with a great desire to develop economically which further acceler-
ated the pace of economic planning. Long-term planning was, for
the fi rst time, ...
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