1980s

The 1980s ('the eighties') was the decade that ran from January 1, 1980, to December 31, 1989. 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 eco... more

The 1980s ('the eighties') was the decade that ran from January 1, 1980, to December 31, 1989. 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 Germany are the most notable developed countries that continued to enjoy rapid economic growth during the decade. 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. Ethiopia witnessed widespread famine in the mid-1980s, resulting in the country... less