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Sharing American and European economic experiences in technology conversion
Authors:Woodrow W. Clark Jr.
Abstract:After 50 years, the cold war is finally over. It was the longest and most costly war in modern history. The soldiers can return home. The world can go back to being normal. But what, after all this time, is “normal”? In what kind of world are the soldiers returning home? It is a world in economic chaos; a world in recession; a world redefining itself and everything in it. It is a world like none ever seen before in history. While some argue that the American economy converted successfully before and after WWI, WWII, the Korean War, and even the Vietnam War, the depth and extent of those earlier conversions were of much smaller magnitude as compared to the end of the cold war.
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