Picture of neon light reading 'Open'

Discover open research at Strathprints as part of International Open Access Week!

23-29 October 2017 is International Open Access Week. The Strathprints institutional repository is a digital archive of Open Access research outputs, all produced by University of Strathclyde researchers.

Explore recent world leading Open Access research content this Open Access Week from across Strathclyde's many research active faculties: Engineering, Science, Humanities, Arts & Social Sciences and Strathclyde Business School.

Explore all Strathclyde Open Access research outputs...

General review [January 1976]

Bell, David N. F. and McGilvray, James W. and Oswald, Andrew J. and Simpson, David R. F. and Telford, Richard (1976) General review [January 1976]. Quarterly Economic Commentary, 1 (3). pp. 3-7. ISSN 0306-7866

PDF (FEC_1_3_1976_Bell-etal2)
FEC_1_3_1976_Bell_etal2.pdf - Final Published Version

Download (240kB) | Preview


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.