The Decline of British Economic Power Since 1870This book was first published in 1981. |
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Page 17
... balances of their merchandise trade moved into 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 ...
... balances of their merchandise trade moved into 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 ...
Page 18
... balance - of- payments 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 ...
... balance - of- payments 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 ...
Page 19
... balance of payments to place Britain at the centre of the international economy . No wonder then that J. M. Keynes in a brilliant polemic written in the aftermath of the First World War , characterised the years between 1870 and 1914 as ...
... balance of payments to place Britain at the centre of the international economy . No wonder then that J. M. Keynes in a brilliant polemic written in the aftermath of the First World War , characterised the years between 1870 and 1914 as ...
Page 20
... balance - of- payments surplus with Canada , Australia and Argentina , ' countries which had required only minor multilateral settlement of their accounts in the 1880s ' . Furthermore , America's own exports of foodstuffs began to ...
... balance - of- payments surplus with Canada , Australia and Argentina , ' countries which had required only minor multilateral settlement of their accounts in the 1880s ' . Furthermore , America's own exports of foodstuffs began to ...
Page 28
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2nd series American Bacon and Eltis balance of payments Bank of England Bank Review Blackaby boom Bretton Woods Britain Britain's Economic Prospects British economy British industry British Overseas Business History Cambridge capital cent competition considerable cost cotton country's currency D. H. Aldcroft De-industrialisation decline deficit depression dollar economic growth Economic History Review Economic Journal Economic Policy empire employment Europe European exchange expenditure exports factors favour foreign Germany gold standard Howson ibid Imperial Preference important income increased inflation international economy J. M. Keynes John Maynard Keynes Keynes lend-lease Lloyds Bank loan London manufacturing industry million Moggridge multilateral National organisation output Oxford political position postwar prewar problem protectionism rate of growth recovery reduction reproduced by permission return to gold Richardson rise role Second Labour Government sector Skidelsky staple industries Sterling Area structure Table reproduced tariff trade union Treasury United Kingdom