General review [January 1976]

Richard Telford, Fraser of Allander Institute

Research output: Contribution to journal › Article

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Abstract

Prospects for the world economy are considerably brighter at the start of 1976 than they were at the beginning of 1975. In the present circumstances, UK recovery must be expected to lag behind that of the EEC and the United States. Meanwhile, the government should regard retraining of the unemployed as a continuing full-time activity and not simply as a haphazard response to unforeseen events. The occupational mobility of labour is a precondition of full employment if real wages are to rise in line with general expectations.
Original languageEnglish
Pages (from-to)3-7
Number of pages4
JournalQuarterly Economic Commentary
Volume1
Issue number3
Publication statusPublished - Jan 1976

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Labor
Full employment
World economy
Retraining
Government
Real wages
Lag
Occupational mobility

Keywords

  • world economic trends
  • UK economic conditions
  • British economic performance

Cite this

Telford, R., & Fraser of Allander Institute (1976). General review [January 1976]. Quarterly Economic Commentary, 1(3), 3-7.
Telford, Richard ; Fraser of Allander Institute. / General review [January 1976]. In: Quarterly Economic Commentary. 1976 ; Vol. 1, No. 3. pp. 3-7.
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abstract = "Prospects for the world economy are considerably brighter at the start of 1976 than they were at the beginning of 1975. In the present circumstances, UK recovery must be expected to lag behind that of the EEC and the United States. Meanwhile, the government should regard retraining of the unemployed as a continuing full-time activity and not simply as a haphazard response to unforeseen events. The occupational mobility of labour is a precondition of full employment if real wages are to rise in line with general expectations.",
keywords = "world economic trends, UK economic conditions, British economic performance",
author = "Bell, {David N. F.} and McGilvray, {James W.} and Oswald, {Andrew J.} and Simpson, {David R. F.} and Richard Telford and {Fraser of Allander Institute}",
year = "1976",
month = "1",
language = "English",
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}

Telford, R & Fraser of Allander Institute 1976, 'General review [January 1976]', Quarterly Economic Commentary, vol. 1, no. 3, pp. 3-7.

General review [January 1976]. / Telford, Richard; Fraser of Allander Institute.

In: Quarterly Economic Commentary, Vol. 1, No. 3, 01.1976, p. 3-7.

Research output: Contribution to journal › Article

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T1 - General review [January 1976]

AU - Bell, David N. F.

AU - McGilvray, James W.

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AU - Simpson, David R. F.

AU - Telford, Richard

AU - Fraser of Allander Institute

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N2 - Prospects for the world economy are considerably brighter at the start of 1976 than they were at the beginning of 1975. In the present circumstances, UK recovery must be expected to lag behind that of the EEC and the United States. Meanwhile, the government should regard retraining of the unemployed as a continuing full-time activity and not simply as a haphazard response to unforeseen events. The occupational mobility of labour is a precondition of full employment if real wages are to rise in line with general expectations.

AB - Prospects for the world economy are considerably brighter at the start of 1976 than they were at the beginning of 1975. In the present circumstances, UK recovery must be expected to lag behind that of the EEC and the United States. Meanwhile, the government should regard retraining of the unemployed as a continuing full-time activity and not simply as a haphazard response to unforeseen events. The occupational mobility of labour is a precondition of full employment if real wages are to rise in line with general expectations.

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KW - British economic performance

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UR - http://www.strath.ac.uk/fraser/

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Telford R, Fraser of Allander Institute. General review [January 1976]. Quarterly Economic Commentary. 1976 Jan;1(3):3-7.

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