Download British Economic Performance, 1945–1975 by B. W. E. Alford PDF

By B. W. E. Alford

The controversy over "Britain in decline" nonetheless rages within the educational, political and public spheres. during this concise undergraduate booklet, B.W.E. Alford examines Britain's financial improvement inside of a framework of political, social and cultural elements, together with themes corresponding to the alleged strategy of deindustrialization, the position of sterling, hard work kinfolk and the impression of presidency coverage. Professor Alford offers a transparent and crucial advent to the topic, but exhibits how complicated and deep-rooted are the explanations of the "British Disease."

Show description

Read or Download British Economic Performance, 1945–1975 PDF

Similar economic conditions books

Contours of the World Economy 1-2030 AD: Essays in Macro-Economic History

An invaluable set of essays from the prestigious monetary historian Angus Maddison. the simplest elements of this e-book are the varied facts tables and charts studying quite a few points of financial background. incorporated are essays at the demography and economic climate of the Roman empire, the revival of the Western eu economic climate within the age of mercantile capitalism, the consequences of increasing exchange with Europe on Asia, Africa, and the Western Hemisphere, an evaluate of the resources of the economic revolution, an essay on pioneers in demography and accounting for nationwide monetary job, and a few projections for the long run.

The Return of Cosmopolitan Capital: Globalization, the State and War

Nigel Harris argues that the thought of nationwide capital is changing into redundant as towns and their voters, more and more unaffected by means of borders and nationwide limitations, take heart degree within the financial international. Harris deconstructs this phenomenon and argues for the massive merits it can and will have, not only for western wealth, yet for economies around the world, for foreign conversation and for worldwide democracy.

The Two Trillion Dollar Meltdown: Easy Money, High Rollers, and the Great Credit Crash (Revised Edition)

Formerly released because the Trillion buck MeltdownNow totally up-to-date with the most recent monetary advancements, this is often the bestselling booklet that in brief and brilliantly explains how we obtained into the commercial mess that's the credits Crunch. With the housing markets unravelling day-by-day and misery signs flying through the remainder of the financial system, there's little question that we face a fierce recession.

The End of the Experiment? From Competition to the Foundational Economy

This ebook describes the failure of a 30 12 months outdated coverage scan with pageant and markets and proposes a brand new test in social licensing of foundational actions. The repeated failure of that outdated test in subjecting the fundamentals of daily life to festival is conclusively verified by way of distinct case reports of 3 sectors - broadband, meals provide and retail banking - the place deepest region enterprise types understand element price for companies on the cost of underinvestment, broken provide chains and gouged buyers.

Extra info for British Economic Performance, 1945–1975

Example text

Furthermore, all publicly owned industries have, not surprisingly, proved vulnerable to ministerial interference dictated by short-term political expediency [Ashworth, 1986; Hannah, 1982]. To make matters worse, the monopolistic character of the sector has been blatantly exploited by trade unions, though over the longer run this has probably resulted in major job losses since most of the industries are subject to competition in the form of alternative goods. For example, over the period rail transport lost heavily to road transport (though assessment is complicated by problems of whether road transport paid the full costs of its operation) and more recently coal has lost to alternative forms of energy supply.

Within the government political judgements on the issue were somewhat confused - Cripps, in 31 particular, saw devaluation 'as an act of foreign policy quite as much as of economic policy' [ibid, 141]; and the final decision was made by three junior ministers outside the Cabinet. It is, moreover, an irony that these ministers (Gaitskell, Jay, Wilson) were at the same time preparing a Full Employment Bill which assumed a major capacity for planning within the government machine. So far as the economic aspects of devaluation were concerned, the situation was almost bizarre: there was little understanding of the interaction between devaluation and various parts of domestic economic policy, no careful or considered analysis of the appropriate rate, and no perception of how sterling fitted into the international structure of exchange rates or, more immediately, whether the problem stemmed from the weakness of sterling or the strength of the dollar (see Chapter 6).

It is noticeable, however, that the shift came nowhere near eradicating disparities in regional employment opportunities which were heavily influenced by the high degree of concentration of the old staple industries: thus, at the extremes, unemployment in London and the South-East was 56% of the UK rate in 1973 and in the North 174%. , 1982]. (ii) INVESTMENT The investment record for the period is best placed within an international context. The figures shown in Table IX are broadly 37 Table IX Gross Fixed Capital Formation per Head of Empluyed Labour Force in Manufacturing - UK Compared 1965-75 (Current US $ and exchange rates UK = 100) United Kingdom Belgium France" Germany Italy" Netherlands· Japan Sweden USN 1965 1970 1975 100 168 197 100 203 238 80 170 100 167 365 124 270 218 200 355 100 257 267 1864 1604 309 176 292 293 • Plus other industrial sectors.

Download PDF sample

Rated 4.03 of 5 – based on 40 votes

admin