Fases del crecimiento capitalista, según Angus Maddison

Angus Maddison realizó una brillante periodización del desarrollo capitalista desde 1870. Las características clave que definen los periodos (fases) son cinco: cuál era la prioridad de la política económica de los gobiernos; cómo funcionaba el sistema monetario; cómo estaba configurado el mercado de trabajo; cuál era el grado de apertura al comercio internacional de las economías nacionales; y si existía libertad en la movilidad de los factores. Como se puede observar, la fase que comienza en 1973 tiene cinco rasgos que siguen vigentes en 2012: los gobiernos dan prioridad a la estabilidad de precios y no al empleo, el sistema monetario es flotante, los sindicatos son débiles, las economías siguen abiertas, y la movilidad del capital es elevada aunque la movilidad del factor trabajo continúa siendo muy limitada.

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