ABSTRACT
With the slowing down or ending of the postwar phrase of tranformational growth, the
usual Keynesian policies became less effective. Stronger medicine was needed-more,
rather than less, government intervention. But popular opinion ran the other way.
Aggressive internationally oriented business, faced with maturing markets at home,
wanted the option of moving its capital investments abroad, where growth promised to be
faster, and did not want to be hampered in this by the kinds of regulatory controls a
