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JOURNAL OF APPLIED BUSINESS AND ECONOMICS

A Brief Overview of Selected World Economy Trends: Past and Present

Author(s): Bruce A. Forster

Citation: Bruce A. Forster, (2011) "A Brief Overview of Selected World Economy Trends: Past and Present," Journal of Applied Business and Economics, Vol. 12, Iss. 2, pp.18 - 26

Article Type: Research paper

Publisher: North American Business Press

Abstract:

This paper presents a personalized historical overview of selected trends in the world economy. For the

purpose of this paper the discussion is bisected by two points in time 40 years apart, 1968 and 2008. The

seeds of some of the 2008 trends can be found in the 1968 trends. The paper also discusses events in the

years following 1968 and 2008. At least one 1968 trend became largely irrelevant in the early to mid-

1970s with the collapse of the international monetary system which had been established by the Bretton

Woods Agreement at the end of World War II. The overview is personal because the author selected the

trends for discussion.