The Export of Capital from Britain (RLE Banking & Finance): 1870-1914

1st Edition

A R Hall

Routledge
Published June 10, 2014
Reference
ISBN 9781138007772 - CAT# Y164196
Series: Routledge Library Editions: Banking & Finance

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Summary

During the years before 1914 the world’s still largely unused resources were brought increasingly within the framework of a single world economy. This process owed much to Britain’s ability to export capital on a scale which has never since been equalled. Yet periods of heavy investment overseas alternated with home investment booms that absorbed the greater part of Britain’s savings. The reasons for this fluctuation, and the mechanism which linked Britain’s economic development with the rest of the world, are still subject to debate. This volume illuminates the problems of the global economy today by examining different interpretations and research from history.

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