The Decline of British Economic Power Since 1870This book was first published in 1981. |
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... Countries : Average Annual Rates of Increase 1955-73 . 16 Trends in the UK Balance of Payments , Annual Averages for Selected Periods 1955-77 . 15 UK Share in World Trade in Manufactures 1955-76 . 17 Employment in Manufacturing Industry ...
... Countries : Average Annual Rates of Increase 1955-73 . 16 Trends in the UK Balance of Payments , Annual Averages for Selected Periods 1955-77 . 15 UK Share in World Trade in Manufactures 1955-76 . 17 Employment in Manufacturing Industry ...
Page 16
... countries of the world , exchanging staple manufactures for foodstuffs and raw materials . Beneficial though this trade may have been before 1914 , its long - term effect was to retard the development of more advanced industrial sectors ...
... countries of the world , exchanging staple manufactures for foodstuffs and raw materials . Beneficial though this trade may have been before 1914 , its long - term effect was to retard the development of more advanced industrial sectors ...
Page 17
... countries . In the period before 1890 the empire countries ( excluding Canada ) were central to this process . Since the great bulk of their exports were directed towards the metropolitan market a redirection of British overseas ...
... countries . In the period before 1890 the empire countries ( excluding Canada ) were central to this process . Since the great bulk of their exports were directed towards the metropolitan market a redirection of British overseas ...
Page 18
... countries as a balancing item . Given this role , it was vital that sterling should not only be in liberal supply but that it should also be a currency of unshakeable strength . Before 1914 these conditions were fulfilled as a result of ...
... countries as a balancing item . Given this role , it was vital that sterling should not only be in liberal supply but that it should also be a currency of unshakeable strength . Before 1914 these conditions were fulfilled as a result of ...
Page 19
... countries were relieved of the adjustment problem inherent in the operation of the classical theory . Free trade fulfilled a dual function . In the first instance , open access to the British domestic market meant that borrowing countries ...
... countries were relieved of the adjustment problem inherent in the operation of the classical theory . Free trade fulfilled a dual function . In the first instance , open access to the British domestic market meant that borrowing countries ...
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Common terms and phrases
2nd series American Bacon and Eltis balance of payments Bank of England Blackaby boom Bretton Woods Britain Britain's economic British economy British industry British Overseas Cambridge capital cent Coalmining Industry competition considerable cost cotton countries country's currency current account D. H. Aldcroft De-industrialisation decline deficit depression dollar economic growth Economic History Review economic policy empire employment Europe European exchange expenditure factors favour foreign Germany gold standard government's Howson ibid Imperial Preference important income increased inflation international economy interwar period J. M. Keynes John Maynard Keynes Keynes lend-lease loan London major manufacturing industry ment million Moggridge Monetary Policy multilateral organisation output political position postwar prewar primary producing problem programme protectionism rate of growth recovery reduction reproduced by permission rise Robert Skidelsky role Second Labour Government sector Skidelsky staple industries Sterling Area structure Table reproduced tariff trade union Treasury