The term was used to describe emerging market financial systems in the 1960s-80s, although the same techniques were also used extensively in developed economies, particularly from after World War II until the 1980s, when such direct government intervention in markets fell out of favour.
The term was used to describe emerging market financial systems in the 1960s-80s. However, the same techniques were also used extensively in developed economies, particularly after World War II and up through the 1980s, when such direct government intervention in markets fell out of favour.