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Social Research and Industrial Reorganisation

    Naturevolume 135pages10531055 (1935) | Download Citation



    ASSOCIATED with the general satisfaction at the improvement in trade which finds expression to-day, there is a desire to understand, and use to advantage, the factors responsible for the better conditions which prevail. It is clear that, on the whole, 1934 recorded a distinct advance over 1933. In most countries unemployment continued to diminish, production to increase and exchanges remained more stable. In some countries the belief became current that the depression was already passing into history. While, however, it may be fairly said that the world's economic life has been running in smoother and deeper channels, it is still far from having returned to the broad, even flow of real prosperity. The imminent dangers of renewed international competition in armaments alone should make even the most thoughtless pause before indulging in extravagant prophecy about the return of an age of prosperity; but there are many other facts which should discourage easy optimism. Not the least of our present perils is that the improvement in trade which has undoubtedly been experienced in Great Britain and elsewhere may be interpreted by partisans as the fruit of policies and methods which impartial investigation might reveal as really hindering recovery.

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