1980s
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The 1980s, pronounced "the Eighties", was the decade that started on January 1, 1980 and ended on December 31, 1989. It was the ninth decade of the 20th century. The time period saw social, economic and general change as wealth and production migrated to newly industrializing economies. As economic liberalization increased in the developed world, multiple multinational corporations associated with the manufacturing industry relocated into Thailand, Malaysia, Mexico, South Korea, Taiwan, China, and new market economies in Eastern Europe following the collapse of communism in eastern Europe. Jap...
The 1980s, pronounced "the Eighties", was the decade that started on January 1, 1980 and ended on December 31, 1989. It was the ninth decade of the 20th century. The time period saw social, economic and general change as wealth and production migrated to newly industrializing economies. As economic liberalization increased in the developed world, multiple multinational corporations associated with the manufacturing industry relocated into Thailand, Malaysia, Mexico, South Korea, Taiwan, China, and new market economies in Eastern Europe following the collapse of communism in eastern Europe. Japan and West Germany are the most notable developed countries that continued to enjoy rapid economic growth during the decade whilst other western nations, particularly the United States and United Kingdom re-adopted laissez-faire economic policies. Developing countries across the world faced economic and social difficulties as they suffered from multiple debt crises in the 1980s, requiring many of these countries to apply for financial assistance from the International Monetary Fund (IMF) and the World Bank.
