The Japanese economy achieved high growth rates in 2006, particularly in the corporate sector in
the first half of the year. The middle of 2006 brought a slowdown, especially in consumer spending. In
general, however, corporate performance held steady, labor supply was tight and the economy overall
did not slow significantly. The economic growth phase that began in January 2002 is virtually certain to
be statistically verified as having marked its 58th consecutive month in November 2006, making it the
longest period of growth in postwar Japan.
The U.S. economic expansion is now in its tenth year, showing no signs of slowing down. The rate
of labor productivity growth has doubled in recent years, instead of falling as the expansion matured
as in previous postwar expansions. Moreover, core inflation remains low despite record employment
and the lowest jobless rates in a generation. Our sustained economic strength with low inflation
suggests that the U.S.
Exercise 1: Fill each gap in the passage with the correct form of the word in brackets.
Maria Callas was the most (1) ………………………..(fame) soprano of the postwar period. Born in 1923, the Greek opera singer had a truly (2) …………………………..(wonder) voice and a passionate nature. She was known for her technical skill and (3) …………………........(enthusiastic) for hard work. She sang in all the world’s great opera houses, but her career was full of (4) …………………….(person) dramas.
The exact relations between science and technology in particular have been debated by scientists, historians, and policymakers in the late 20th century, in part because the debate can inform the funding of basic and applied science. In the immediate wake of World War II, for example, in the United States it was widely considered that technology was simply "applied science" and that to fund basic science was to reap technological results in due time.
Government size has attracted much scholarly attention. Political economists
have considered large public expenditures a product of leftist rule and an ex-
pression of a stronger representation of labor interest. Although the size of the
government has become the most important policy difference between the left
and the right in postwar politics, the formation of the government’s funding
base has not been explored. Junko Kato ﬁnds that the differentiation of tax rev-
enue structure is path-dependent upon the shift to regressive taxation.
As even these preliminary comments should indicate, Hollywood has
experienced a rich and dynamic history. The aim of this chapter is to
chart that history in more detail and also to trace the efforts of film crit-
ics and scholars to make sense of it. Journalistic film criticism dates
back to Hollywood’s earliest years, and the film industry always has
been subject to heavy coverage in both the trade and popular press. But
the systematic scholarly study of Hollywood did not really take hold,
interestingly enough, until after Hollywood’s postwar collapse.
Most observers of the economy now accept that a major shift occurred during the 1970s.
The rapid productivity growth of the postwar years came to an end—for reasons that
are still being debated among economists and historians. Wage growth lagged, and the
economy suffered multiple shocks from energy prices and rapid inflation. The surge of
births in the postwar baby boom meant that the labor force grew rapidly, while women
were entering the labor force in numbers unprecedented in peacetime.
C H A P T E R T W E N T Y - F O U R
Postwar Neoclassical Microeconomics
Postwar neoclassical microeconomic theory was a curious mixture of successes and problems. Its successes include widespread use, as both a basis for all areas of economics and a growing method in other social sciences.
C H A P T E R T W E N T Y - S I X
A History of Postwar Monetary Economics and Macroeconomics
Despite a degree of arbitrariness, World War II provides a natural division in the history of macroeconomics. The macroeconomics of the interwar period was a rich tapestry of competing models and methodologies
C H A P T E R T W E N T Y - E I G H T
Postwar Heterodox Economics
The doctrines that comprise the Austrian school of economics have varied and the relative position of the school within the mainstream of economic thought has moved from the center to the fringe several times throughout the 130 years of its history.
Worry had completely defeated me. My mind was so confused and troubled that I could see no joy in living. My nerves were so strained that I could neither sleep at night nor relax by day. My three young children were widely separated, living with relatives. My husband, having recently returned from the armed service, was in another city trying to establish a law practice. I felt all the insecurities and uncertainties of the postwar readjustment period. I was threatening my husband's career, my children's natural endowment of a happy, normal home life, and I was also threatening my...
Was World War II a failure? It is an unthinkable thought in the American political ethos. but noted American journalist and author William Henry Chamberlin dares think it, from the vantage point of the immediate postwar world of 1950.
Ti! Ihis book is about professional football
long before Super Bowls, Monday Night
Football, and megabuck contracts for
players. It tells what the game was like and what players and fans
thought about it, beginning more than 100 years ago, when the first
pros appeared, and continuing up to the time when televised football
was becoming a national passion.
The extraordinary feature of the RAND Corporation that emerged quickly after its creation in 1946 was its interdisciplinary approach to identifying, evaluating, and applying technology. Throughout its history, RAND has conducted innumerable studies, often with world-changing results, involving technologies both military and civilian. Satellites, systems analysis, computing, the Internet — al......
This monograph examines prewar planning efforts for the reconstruction of postwar Iraq. It then examines the role of U.S. military forces after major combat officially ended on May 1, 2003, through June 2004. Finally, it examines civilian efforts at reconstruction, focusing on the activities of the Coalition Provisional Authority and its
An evaluation of the impact of a thermonuclear war and a description of some of the risks that might cause decisionmakers to weigh the alternatives of whether or not to go to war (namely, genetic problems, postwar medical problems, and long-term recuperation). The kinds of deterrence discussed are (1) deterrence of a direct attack, (2) the use of strategic threats to deter an enemy from engaging i......
'The Worst Place in the World to be a Woman or Girl' – Rape in the DR Congo: Canada, Where Are You?
Research for this report was supported by The Liu Institute for Global Issues, the Walter and Duncan Gordon Foundation and the Centre of International Relations
.The Africa Canada Accountability Coalition – September 2009
Following the war in Iraq, the United States and its allies found that their prewar expectations of security did not match the actual postwar environment. Iraqi security forces had largely disappeared, and those that remained were incapable of countering a rising tide of political violence and crime. From May 2003 to June 28, 2004 (when