How was the economy changing in the second half of the 20 th century?

In the second half of the 20th century, the global economy experienced significant transformations marked by rapid industrialization, globalization, and technological advancements. The rise of information technology and the internet revolutionized communication and commerce, leading to increased productivity and the emergence of new industries. Additionally, shifts towards deregulation and free trade fostered economic interdependence among nations, while also contributing to rising inequality and changing labor markets. These changes laid the groundwork for the modern global economy we see today.