11.The world in the 50-70-s

1. Brief content of the lecture

1 Restoration of the West economy.

“ Welfare state”

By the 50-s the European countries restored economy and reached the pre- war level of economy. Annual tempos of economic growth were very high and it was said about " economic miracle" ( German miracle, Italian miracle).

Reasons of rapid economic development

I.

II. finance and currency stabilization

III. Marshall's plan

IV. liberalization of the world trade

V. new technology

VI. new sources of energy

VII economic integration 1951-

1957-

VIII. Methods of economic regulation: state regulation. The founder of the " German miracle" L. Erkhard considered the role of a state or a government as an observer who could only watch economy and to interfere only when economic situation needed help.

The 50-60-s were the time of economic stabilization and " welfare state" formation: great part of state budget was spent for social reforms, standard of living was very high.

Wages’ growth in dollars ( USA) per hour | Gender policy

countries	1960	1980	1992
USA	2,28	7,27	11,5
Sweden	1,14	7,72	12,92
Belgium	1,00	7,45	9,90
Norway	0,90	7,84	15,60
FRG	0,82	7,25	12,76
Great Britain	0,82	5,62	9,17
France	0,51	4,37	7,79

2. Industrial society

Highly developed economy in the West, high life standard in the 50-60-s were the main characteristics of the industrial society.

• ?-------------Industrial society------------?

This society is characterized by

-great state expenditures on social sphere ( 50-60% of state budget)

-taxation in the favor of the poor;

-equality of political rights for women.

Questions for test

1. Reasons of rapid economic development of Western countries after the WWII

2. Marshall plan

3. Welfare state

4. Characteristics of industrial society

What is the right logic order ( development of the world societies):

A) traditional, post traditional, industrial

B) traditional, industrial, postindustrial

C) traditional, capitalist, socialist

D) agrarian, imperialist, socialist

Welfare state is characterized by:

A) absence of social expenditures

B) total nationalization

C) total state control

D) great social expenditures

Information society is characterized by fast development of:

A) small and middle business

B) big business

C) nationalized sector

D) state sector

Main currency established by the Breton- Woods system was:

A) dollar

B) ruble

C) pound

D) euro

Economy in Western model of development is characterized by:

A) market relations

B) only state property

C) only state regulation

D) common property

Political life in Western model of development is characterized by:

A) democracy

B) authoritarianism

C) totalitarianism

D) secularism

Glossary

Restoration- восстановление-

Welfare state- государство благосостояния

“floating course"- плавающий курс

economic miracle- экономическое чудо

References

История стран Европы и Америки. Т 3. стр. 123-167

Капустин. Европейский союз: интеграция и право. М. 2000 стр.45-56

Арах М. Европейский союз: видение политического объединения .М. 1998. стр.12-23

American History p.26-46