Then the pattern of European industrial production at the beginning of the period is described, together with the enormous scope for ‘catch up’ growth. So first some definitions are set out - before a broad conception is chosen. What exactly is or was this ‘planning’? Was it simply intellectual fashion, or was planning a major contribution to the boom, a key component of industrial policy? Industrial policy covers a broad range of policies and there are different understandings of what the term means. Was it the result of good luck, fortuitously benign international relations or carefully planned policies? ‘Planning’ was fashionable for much of the period and is definitely not now.
The ‘Thirty Glorious Years’ of 1945–75 saw unprecedented European prosperity on the back of unique economic growth.
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