Contributions of Turkish Immigrants to the German Economy Past and Present The period after World War II, between 1950 and 1973, has been called the Golden Age in economic history; it was the time when economic growth was greatest in the twentieth century. During the Golden Age of the twentieth century, many Western European and some East Asian countries experienced historically high degrees of economic growth. This post-war period was characterized by high levels of investment because there was a great amount of growth potential in war-devastated countries, where expansion was made possible by the introduction of new technologies and capital. Rise in total factor productivity was a distinctive characteristic of this period as well....The end:
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