Thatcher: Master of the “Unexpecteds”

Thatcher: Master of the “Unexpecteds”

Thatcher: Master of the "Unexpecteds”In a tribute to Margaret Thatcher after her death in April 2013, Daniel Yergin writes that she played a major part in creating today’s era of globalization through shifting the balance of power in Great Britain away from state regulation and toward a more free market economy. Thatcher took office in 1979, and her tenure was not without controversy as she famously quashed a miners’ strike in 1984. Yet her emphasis on privatization of the economy resulted in increased prosperity at home and pointed the way toward today’s open-market world economy.

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