from Market, Society and Security
Published online by Cambridge University Press: 21 October 2023
In 1979 the French economist Jean Fourastié, who had been a member of Jean Monnet’s ‘Commissariat au Plan’ and an expert both in the Organisation for European Economic Co-operation (OEEC) and in the European Coal and Steel Community (ECSC), published the volume Les Trente Glorieuses ou la révolution invisible de 1946 à 1975. The book analysed the development of the French economy after the Second World War until the aftermath of the oil shock which hit the Western world in late 1973, after the Yom Kippur War. When it was published, Western countries had already launched a number of initiatives to respond to the economic troubles caused by the oil shock. At the same time, they had begun to seek solutions to the monetary problems caused by the collapse of the Bretton Woods system in 1971, with the start of the Group of Seven meetings and the first attempts at monetary coordination among the European Economic Community (EEC) member countries.
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