Did the Internationalisation of Capital undermined the 'Golden Age' of Capitalism?

Vicki Preibisch

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Seminar paper from the year 2006 in the subject Politics - International Politics - Topic: Globalization, Political Economics, gr...

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Seminar paper from the year 2006 in the subject Politics - International Politics - Topic: Globalization, Political Economics, grade: 2,3, University of Kassel, language: English, abstract: It is claimed that the internationalisation of capital markets has caused a weakening of the economy of the 'Golden Age' - a period between 1950 and 1973. This paper looks into the development of the Golden Age period, explains booms and dooms as well as the creation of the Eurocurrency market. Using the concept of the 'Impossible Trinity' the paper concludes that the internationalisation and liberalisation of the capital market undermined the Golden Age.