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Economic and political evolution of Western European countries in the post-war period #003
Of the Western countries, Great Britain has not been able to integrate into the European development of the current one. The figures recorded after the decline in exports show the stagnation of the British economy, which is losing ground compared to other European countries. But, with the exception of this counter-productivity, all Western European countries are experiencing impressive development, entering the era of mass consumption. Even Spain, which was considered an underdeveloped country at the end of the war, was on the verge of becoming a modern industrial country due to the strongest economic growth in the world in the 1960s.
Since 1974, Western Europe has been experiencing serious difficulties due to the global "imbalance" caused by the first oil crisis, and then resumed by the second in 1979. The characteristics of this crisis were unusual, since in addition to the high unemployment rate, inflationary outbreaks of the strongest were recorded, unlike the crisis of 1929, when this phenomenon was exactly the opposite. From the point of view of production, it continued to grow, but at a slower pace, and the crisis seems to be a difficult adaptation to the transformations caused by very long-term growth. Since 1983, Western countries have emerged from this state of crisis, although its effects were felt further, especially in countries such as France and the United Kingdom, where large numbers of unemployed people were registered.
In the post-war period, a trend emerged in the economy of the Western states related to the involvement of the state in the process of its leadership. The interwar experience, especially the global economic crisis (1929), demonstrated the need to control the economy, but not according to the Soviet model, which led to the elimination of democracy and the establishment of a totalitarian regime. Western governments have adopted other principles of state regulation of the economy and stabilization of public relations in the economy, according to the theory developed by the English economist J. M. Keynes. In the 1950s and 60s, important social results were noted in the western states, which led to the creation of a welfare society. transescort.org/trans/spain/