By Ian Clark
This ebook examines the legacy of monetary and political goals and goals formulated through the British govt in the course of, and instantly after the second one international struggle. It examines modern styles of law by means of the country, and reform within the business kinfolk method as elements of those traditionally embedded impacts. This booklet makes an incredible contribution to the background and conception of British post-war economics.
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Additional resources for Governance, The State, Regulation and Industrial Relations (Routledge Explorations in Economic History, 20)
59 However, the UK’s great power status became residual for several reasons. 63 Hoffman was of the view that Europe must become a single market and a political union. 64 More specifically, Hoffman played a central role in the AACP, where he promoted a social engineering approach to production based on his experience in the Studebaker automobile corporation. The resistance of UK employers to these methods astonished him. 65 Last, the UK government retained its status as a great power in the context of an international political economy dominated by two superpowers.
9 illustrate that to achieve the recovery of output a considerable use of overtime working was necessary, otherwise termed extensive means. In the UK, the empirical depth of Fordism was quite shallow. The UK’s immediate post-war recovery made its adoption less pressing, therefore making its introduction economically and politically destructive. Moreover, data demonstrate that, since 1870, the UK economy has been comparatively less competitive than Germany and the United States. Economic decline reinforced the deployment of established techniques in sectors such as iron and steel, textiles and car production.
2 outlines the allocation and use of UK Marshall Aid. A Marshall Plan conference held in Paris between July and September 1947 aimed at European agreement on the five-point conditions laid out by Marshall. As its title, the conference took ‘The Committee of European Economic Co-operation’(CEEC). The conference culminated in the creation of the ‘Organization for European Economic Co-operation’. Subsequently, the CEEC distributed aid funds through the European Recovery Programme (ERP) and the Economic Co-operation Agency (ECA), the administrative and executive branches of the Marshall Plan.
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