The Decline of British Economic Power Since 1870This book was first published in 1981. |
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Page 3
... sectors and a general lag in technical progress.7 The distinctive nature of Britain's industrial structure was in fact one of the most outstanding features of the pre-1914 economy. In 1907 the old-established staple trades of textiles ...
... sectors and a general lag in technical progress.7 The distinctive nature of Britain's industrial structure was in fact one of the most outstanding features of the pre-1914 economy. In 1907 the old-established staple trades of textiles ...
Page 6
... staple industries to the detriment of higher growth sectors. Nor does it provide an adequate explanation for the reason why, of all the possible responses to foreign competition, British industrialists chose the weakest and most ...
... staple industries to the detriment of higher growth sectors. Nor does it provide an adequate explanation for the reason why, of all the possible responses to foreign competition, British industrialists chose the weakest and most ...
Page 10
... staple industries - cotton textiles and coalmining - will suffice to illustrate the nature of the argument. The cotton textile industry had been the most important growth sector in the early stages of the Industrial Revolution. By 1830 ...
... staple industries - cotton textiles and coalmining - will suffice to illustrate the nature of the argument. The cotton textile industry had been the most important growth sector in the early stages of the Industrial Revolution. By 1830 ...
Page 13
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Page 16
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Contents
1 | |
Growth and Stagnation | 24 |
Recovery on the Dole | 57 |
the Bankrupt State | 82 |
the Political Economy of Failure | 105 |
Statistical Tables | 137 |
Notes | 160 |
Bibliography | 185 |
Index | 201 |
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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 Britain’s international British economy British industry capital cent coalmining Coalmining Industry competition considerable cost cotton countries country’s currency current account De-industrialisation decline deficit depression dollar domestic economic growth Economic History economic policy empire employment Europe European exchange expenditure exports factors favour foreign Germany gold standard government’s Harrod Howson ibid Imperial Preference important income increased inflation international economy interwar period J. M. Keynes Keynes Keynes’s Keynesian lend-lease loan London major manufacturing industry ment million Moggridge Monetary Policy Montagu Norman multilateral ofthe organisation output political position postwar prewar primary producing problem productivity programme protectionism rate of growth reduction reproduced by permission rise role Second Labour Government sector Skidelsky staple industries Sterling Area structure Table reproduced tariff trade union Treasury