The Decline of British Economic Power Since 1870This book was first published in 1981. |
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Page
... Deficit for 1946 . UK Balance of Payments 1946-51 . Economic Growth in the UK 1900-76 . Annual Growth Rates of Real Gross Domestic Product 1955-73 . 12 Annual Growth Rates of Gross National Product 1960-70 . 13 Growth of Industrial ...
... Deficit for 1946 . UK Balance of Payments 1946-51 . Economic Growth in the UK 1900-76 . Annual Growth Rates of Real Gross Domestic Product 1955-73 . 12 Annual Growth Rates of Gross National Product 1960-70 . 13 Growth of Industrial ...
Page 2
... deficit . In terms of both volume and value , imports were growing more rapidly than exports , a situation which rendered the country increasingly dependent for the maintenance of living standards upon the receipt of invisible income ...
... deficit . In terms of both volume and value , imports were growing more rapidly than exports , a situation which rendered the country increasingly dependent for the maintenance of living standards upon the receipt of invisible income ...
Page 17
... deficit , most notably with India and Australia , and to a lesser extent with Ceylon , Malaya , and British West Africa . The deficits of the European countries , however , were financed by their own trading surpluses on visible account ...
... deficit , most notably with India and Australia , and to a lesser extent with Ceylon , Malaya , and British West Africa . The deficits of the European countries , however , were financed by their own trading surpluses on visible account ...
Page 18
... deficit a country would experience an outflow of gold which , in reducing the volume of currency in circulation , would result in a fall in the level of internal prices , a movement which would eventually produce external equilibrium ...
... deficit a country would experience an outflow of gold which , in reducing the volume of currency in circulation , would result in a fall in the level of internal prices , a movement which would eventually produce external equilibrium ...
Page 19
... deficit fulfilled a similar function on a truly international basis . One close observer of Britain's overseas trade has pointed out that industrial competitors could obtain their supplies of primary products by exporting to Britain ...
... deficit fulfilled a similar function on a truly international basis . One close observer of Britain's overseas trade has pointed out that industrial competitors could obtain their supplies of primary products by exporting to Britain ...
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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