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The Winter of Discontent was the period between November 1978 and February 1979 in the United Kingdom characterised by widespread strikes by private, and later public, sector trade unions demanding pay rises greater than the limits Prime Minister James Callaghan and his Labour Party government had been imposing, against Trades Union Congress (TUC) opposition, to control inflation.
Proposed economic waves. In economics, Kondratiev waves (also called supercycles, great surges, long waves, K-waves or the long economic cycle) are hypothesized cycle-like phenomena in the modern world economy. [1] The phenomenon is closely connected with the technology life cycle.
The winter of 1946–1947 was a harsh European winter noted for its adverse effects in the United Kingdom. It caused severe hardships in economic terms and living conditions in a country still recovering from the Second World War. There were massive disruptions of energy supply for homes, offices and factories.
A winter bomb cyclone replete with heavy snowfall, sharp temperature drops, ... Winter storm: Economic impact will 'likely be in the billions,' meteorologist warns. Grace O'Donnell.
Evolutionary economics is a school of economic thought that is inspired by evolutionary biology.Although not defined by a strict set of principles and uniting various approaches, it treats economic development as a process rather than an equilibrium and emphasizes change (qualitative, organisational, and structural), innovation, complex interdependencies, self-evolving systems, and limited ...
The dark patches in the latter image depict areas left without electricity. In February 2021, the state of Texas suffered a major power crisis, which came about during three severe winter storms sweeping across the United States on February 10–11, [6] 13–17, [7] and 15–20. The storms triggered the worst energy infrastructure failure in ...
The European Semester is a core component of the Economic and Monetary Union (EMU) and it annually aggregates different processes of control, surveillance and coordination of budgetary, fiscal, economic and social policies. It also offers a large space for discussions and interactions between the European institutions and Member States. [2]
A global energy crisis began in the aftermath of the COVID-19 pandemic in 2021, with much of the globe facing shortages and increased prices in oil, gas and electricity markets. The crisis was caused by a variety of economic factors, including the rapid post-pandemic economic rebound that outpaced energy supply, and escalated into a widespread ...