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 financial functionality in a world context.
having a look right into a wide selection of industries from motorized vehicles to typewriters, uncooked chemical substances to nutrition produce, they research the meant and genuine obstruction to imported items represented by way of quotas, and the political and fiscal ramifications past the statistics.
This is the fourth publication to be released within the Routledge Explorations in fiscal History sequence.
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Extra resources for Britain's Place in the World: Import Controls 1945-60
It did indeed scarcely exist at the level of positive cabinet or party decisionmaking. There was no coherent, centrally directed attempt to develop manufacturing industries. But the outcome of piecemeal decisions to retain or introduce quantitative import controls, decisions taken within different ministries and at an intermediate level, did amount to the protection and promotion of many important new industries and some older, very large ones, like car manufacturing. If ‘policy’ implies a specified priority and the conscious allocation of resources to achieving it, then it would be correct to say the Labour government had no industrial policy.
Quantitative restrictions on imports, the subject of this study, have in comparison attracted little political or economic debate and virtually no theoretical discussion. The secrecy and speed which often surrounds the introduction of such restrictions means that the facts, even if recoverable, seem too chaotic to allow analysis or to reward inquiry. Theoretical discussion is scant and empirical investigations are few. Yet in the twentieth century quantitative restrictions, particularly import quotas, have been a main instrument for regulating foreign trade.
The fact that the debate over tariffs was so clearly connected with the evolution of liberal democracy in the last century is also no doubt responsible for the massive dominance of this subject in the history of commercial policy. But the use of quotas in the twentieth century as a substitute for tariffs also signifies an important historical stage, both in the states adjustment to new economic developments and in the changing nature of parliamentary democracy. Their first substantial use, in the inter-war period, was a response to the difficulties which states encountered when trying to solve twentieth-century problems with nineteenth-century machinery.
Britain's Place in the World: Import Controls 1945-60 by George Brennan, Alan Milward