By George Brennan, Alan Milward
Britain's position within the World examines the institution and effectiveness of import controls, quite quotas. putting quotas again within the centre of British background, Milward and Brennan make a few radical claims for Britain's fiscal functionality in a world context.
taking a look right into a large choice of industries from motor vehicles to typewriters, uncooked chemical compounds to nutrients produce, they study the meant and real obstruction to imported items represented by way of quotas, and the political and monetary ramifications past the statistics.
This is the fourth e-book to be released within the Routledge Explorations in financial History sequence.
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Additional info for Britain's Place in the World: Import Controls 1945-60
Milward, formerly Professor of Economic History at the London School of Economics, and of Economics in Stanford University, is the author of several books on the modern economic and political development of Europe including The Reconstruction of Western Europe, 1945-1951 (1992) and The European Rescue of the Nation State (1994). George Brennan is Research Assistant at the London School of Economics. Milward and George Brennan Routledge is an International Thomson Publishing company This edition published in the Taylor & Francis e-Library, 2003.
And as we argue later, in a very large industry like car production, where there were various public motives for stringent import quotas, it was also perhaps within the common private interest of the major car manufacturers not to disturb the quota regime which restricted competition on the domestic market to their own circle. The public reasoning for maintaining import quotas on pulp, paper and board became an important policy issue within government from 1954 to 1956, even a foreign policy issue.
There were many other reasons for Britain’s over-ambitious foreign policy and international economic stance from 1949 onwards, the underestimation of the effect of import controls on the balance of payments was only one of them. Nor was the United Kingdom alone in following this trajectory; there are striking analogies with France, which also faced a similar problem of declining relative power which it first tried to rectify by quantitative trade restrictions and then, in the 1950s, by gradually removing them.