By George Brennan, Alan Milward
Britain's position on this planet examines the institution and effectiveness of import controls, relatively quotas. putting quotas again within the centre of British background, Milward and Brennan make a few radical claims for Britain's monetary functionality in an international context. having a look right into a big choice of industries from motorized vehicles to typewriters, uncooked chemical compounds to nutrients produce, they research the meant and real obstruction to imported items represented by means of quotas, and the political and fiscal ramifications past the statistics.This is the fourth booklet to be released within the Routledge Explorations in fiscal historical past sequence.
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Extra resources for Britain's Place in the World: Import Controls 1945-60 (Routledge Explorations in Economic History, 4)
8 They relied therefore on some concept of ‘normal’ trade and their intention was primarily to restrict imports to that norm. The urgency of the situation permitted these measures to be described in public as purely defensive and temporary, but when more closely inspected they reveal more long-term ambitions. By no means all the foodstuff imports on which quotas were imposed had shown an increase over the preceding period. The attempts to use quotas to replace failed international cartels preceded the quotas on food imports, as in the licensing of all nitrate imports in May 1931 after the collapse of the nitrate cartel.
Given the extreme anxiety about marginal increases in the unemployment rate evinced by the Conservative government between 1951 and 1955, when its majority in the Commons was very narrow, the former seems more probable, for the latter could have worked only if accompanied by drastic deflation of domestic demand. The strong ambitions for the national currency would thus have had to be abandoned earlier than they were. Government was in the ambiguous situation of clinging to import quotas and other quantitative controls as a device to continue the pursuit of sterling convertibility, unless it were to choose higher levels of unemployment.
It is in the detail of these international negotiations and their links to the domestic economy that the significance and purpose of post-war British import quotas best emerges. 36 3 BRITISH COMMERCIAL POLICY AND THE OEEC TRADE LIBERALISATION PROGRAMME, 1949–51 A PRELIMINARY NOTE ON BRITISH METHODS OF IMPORT CONTROL Imports came into the United Kingdom through a variety of conduits. Many large-scale manufacturers who used imported materials and components set up their own importing agencies. Some chain retail stores, the Cooperative Wholesale Society for example, imported directly from wholesale suppliers.
Britain's Place in the World: Import Controls 1945-60 (Routledge Explorations in Economic History, 4) by George Brennan, Alan Milward