The Decline of British Economic Power Since 1870This book was first published in 1981. |
From inside the book
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Page 1
... structure of world trade. The current account of the balance of payments was heavily in surplus and the exchange stability of the pound sterling unquestioned. The economy, moreover, was currently experiencing a phase of cyclical ...
... structure of world trade. The current account of the balance of payments was heavily in surplus and the exchange stability of the pound sterling unquestioned. The economy, moreover, was currently experiencing a phase of cyclical ...
Page 2
... structure of the balance of payments, for example, is the growing merchandise trade deficit. In terms of both volume and value, imports were growing more rapidly than exports, a situation which rendered the country increasingly ...
... structure of the balance of payments, for example, is the growing merchandise trade deficit. In terms of both volume and value, imports were growing more rapidly than exports, a situation which rendered the country increasingly ...
Page 3
... structural change in favour of higher productivity 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 ...
... structural change in favour of higher productivity 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 ...
Page 4
... structural transforma tion since there were, in fact, quite marked changes in the distribution of the occupied labour force ... structure of the labour force contributed little to the growth of the economy.11 Britain's faltering growth ...
... structural transforma tion since there were, in fact, quite marked changes in the distribution of the occupied labour force ... structure of the labour force contributed little to the growth of the economy.11 Britain's faltering growth ...
Page 8
... structure of British industry arguably precluded the establishment of the direct selling and overseas distributive organisations which were such an important factor in aiding the expansion of German and American manufactured exports ...
... structure of British industry arguably precluded the establishment of the direct selling and overseas distributive organisations which were such an important factor in aiding the expansion of German and American manufactured exports ...
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