How Israel avoided hyperinflation. The success of its 1985 stabilization plan in the light of post-Keynesian theory

International audienc

European industrial policies in the post-war boom: 'planning the economic miracle'

This survey briefly outlines the characteristics and drivers of western European industrial policies over the years 1945–75. Institutions for the coordination of labour bargaining were not decisive for the most rapidly growing economies. Rather policies were that encouraged openness to trade and investment, for they created an environment favourable to competition and technology transfer. Ireland demonstrated how much could be lost by failing to liberalise trade and investment. Spain and Greece were the stars of industrial growth, yet their lower growth of exports to GDP reflected under-performance. West Germany rapidly resumed her pre-1914 position as Europe’s industrial core thanks to price decontrol in 1948 and a judicious institutional compromise between the state, corporatism and the market in an open economy