A History of the World Economy: International Economic Relations Since 1850
This text offers an account of the evolution of trading relations, the migration of capital and people, the international causes and transmission of slumps and the successes and failures of exchange rate regimes. This edition includes discussions of the behaviour of the dollar and the United States' current account and budget deficit, management of the sovereign debt crisis, the working of the EMS, international financial policy co-ordination and trade policy tensions.
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International economic relations in the middle of the nineteenth
Economic links between Britain India and the United States at
Liberalisation and free trade
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agreement agricultural American Argentina Australia balance of payments Bank of England Bretton Woods system Britain British capital cent per annum central bank changes China colonial commodity comparative advantage competitiveness costs cotton currency debt decline deficit demand depression devaluation developed countries dollar domestic effects empire European exchange rate expansion exports finance fixed exchange rate floating exchange rates foreign investment France French GATT Germany gold standard growth rates higher immigration imports increased India industrial countries industrialisation inflation inter-war interest rates international economic relations international trade Italy Japan Japanese labour LDCs less loans maintained manufactures migration million monetary national income nineteenth century OPEC output political population primary products railway ratio reduced regime relative reserve currency restrictions rise Russia sectors silver specialisation sterling supply Table tariff terms of trade textiles unemployment United United Kingdom wages world economy