Britain in Decline: Economic Policy, Political Strategy and by Andrew Gamble

By Andrew Gamble

An exam of the character and motives of British decline and the political innovations that search to opposite it. during this considerably revised version the writer indicates how the discontents of the final 20 years are with regards to the extraordinary successes of the previous. Britain's prior glories have been outfitted at the dual foundations of its place because the world's biggest empire and its top advertisement and business strength, establishing the realm industry to the loose flow of products and funding. yet as different powers emerged to problem Britain's overseas predominance, the monetary and political trappings of empire replaced from resources to liabilities. The years due to the fact that 1945 observed a dramatic cave in of British strength and the emergence of a significant risk to the assets of British prosperity. within the 1970's a fierce political debate emerged over how Britain's monetary fortunes might be better. The Left built a countrywide protectionist approach, whereas the best below Margaret Thatcher opted for a technique to create a loose and open economic system. either concerned tearing down the failed associations and regulations of the postwar years. The stability sheet of the Thatcher decade is the topic of a brand new concluding bankruptcy during this 3rd variation of "Britain in Decline"for which Professor Gamble has additionally revised and prolonged the typology of motives of decline in bankruptcy one and up to date the textual content as helpful all through.

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Extra resources for Britain in Decline: Economic Policy, Political Strategy and the British State

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48 Throughout this period a key theme of the domestic political debate was how Britain could modernise itself, to stay abreast ofthe economy that was increasingly perceived as the world leader, the Uni ted States. The need to modernise was accepted both by those who hoped to maintain British world status by retaining the Empire, and by those who came to see Britain's future lying firmly within the American orbit. The main thrust of the debate, building in part on the earlier arguments about national efficiency, was collectivist.

The different explanations are summarised in Table I. 7. These three perspectives provide not just explanations of decline but also assist the elaboration of programmes for reversing it. In this way they become a vital component of political strategies. Each perspective offers at least one version of each of the four central theses on decline. Each thesis seeks to explain why the British economy has performed relatively poorly during the twentieth century. The imperial thesis lays the blame on Britain's world role, which led to an overextension of British power and the undermining of domestic economic performance.

Trade union power weak state i. deficiencies of political market ii. excessive expectations iii. distributional coalitions; institutional sderosis iv. political business cyde anti-enterprise, anti-capitalist culture i. welfare dependency ii. elite culture and attitudes iii. egalitarianism ECONOMY the supply-side thesis: state/economy relations weakened the manufacturing sec tor POLlT\" the state thesis: Britain's state was too weak to promote modernisation CULTCRE the cultural thesis: Britain's political culture held back modernisation STATE overextension of British state i.

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