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itability have been restored, but this growth will remain fragile for a
long time to come; and there is mass unemployment (Husson, 1996).
The weakness of effective demand - due to the reduction of both the
buying power of the majority of the world's population and of
government social spending - is one of the main reasons for the world
economy's persistently sluggish rate of growth (Toussaint, 1995b).