ECONOMIC GROWTH

Economic Growth - Recent Economic Downturn, Government Intervention and Economy Stimulation

Economic Growth - Recent Economic Downturn, Government Intervention and Economy Stimulation

Introduction

After World War II, the intervention of the state in the economy increased significantly, especially for its financing (nationalization, large industrial projects). The State seeks to rebuild the country and to control the pace of economic growth. It also seeks to resolve the crisis of the 1970s and expand social security coverage. Until this crisis, however, the state seeks to maintain a balanced budget.

Discussion

The intervention of the state in the economy consists in the use of fiscal policy as an ...