▁ ▁Krie ger ' s ▁ten ure ▁witness ed ▁increased ▁concentration ▁and ▁central ization ▁of ▁capital , ▁couple d ▁with ▁priv at isation ▁of ▁many ▁important ▁se ctors ▁of ▁the ▁economy . ▁The ▁international ▁financial ▁community ▁offered ▁strong ▁support ▁for ▁this ▁program , ▁and ▁economic ▁growth ▁continued . ▁G DP ▁expanded ▁at ▁an ▁average ▁annual ▁rate ▁of ▁ 5 . 2 % ▁between ▁ 1 9 6 6 ▁and ▁ 1 9 7 0 , ▁compared ▁to ▁ 3 . 2 % ▁during ▁the ▁ 1 9 5 0 s . ▁ ▁After ▁ 1 9 6 6 , ▁in ▁a ▁radical ▁departure ▁from ▁past ▁policies , ▁the ▁Ministry ▁of ▁Econom y ▁announced ▁a ▁programme ▁to ▁reduce ▁rising ▁infl ation ▁while ▁prom oting ▁competition , ▁efficiency , ▁and ▁foreign ▁invest ment . ▁The ▁anti - infl ation ▁programme ▁foc uss ed ▁on ▁cont rolling ▁nom inal ▁w ages ▁and ▁sal aries . ▁In fl ation ▁decre ased ▁sharp ly , ▁decre asing ▁from ▁an ▁annual ▁rate ▁of ▁about ▁ 3 0 % ▁in ▁ 1 9 6 5 – 6 7 ▁to ▁ 7 . 6 % ▁in ▁ 1 9 6 9 . ▁Un emp loyment ▁remained ▁low , ▁but ▁real ▁w ages ▁fell . ▁ ▁A ▁grad ual ▁revers al ▁in ▁trade ▁policy ▁cul min ated ▁in ▁the ▁military ▁announ cing ▁import ▁substitution ▁as ▁a ▁failed ▁experiment , ▁lif ting ▁protection ist ▁bar riers ▁and ▁opening ▁the ▁economy ▁to ▁the ▁world ▁market . ▁This ▁new ▁policy ▁boost ed ▁some ▁exports ,