英国经济学案.ppt

 History The UK was once the largest economy in the world. 19th century-----Peak ↑ The end of World War II-----Been weakened↓ Between 1950 and 1973, Britain’s GDP grew at an average annual rate of 3%. Growth was hampered by chronic balance of payment deficits. The term “Britain disease” is now used to characterize Britain’s economic decline. 1950年至1973年间，英国的国民生产总值平均年增长率为3％。经济发展受阻于长期收支平衡的赤字，现在常用“英国病”这个词来概括英国经济衰退的特征。 The end of 1973 witnessed the first oil shock. As a result the rate of inflation rose to 16% in 1974. In the 1970s among the developed countries Britain maintained the lowest