Britain and the World
The Position of the Labour Party in Foreign Policy
Bibliographic Data
| ID | 6403703 |
|---|---|
| Authors | Edward Shils (corresponding author), Edward A Shils |
| Year | 1945 |
| Volume | 7 |
| Issue | 4 |
| Pages | 505-524 |
| Publication date | 1945-10-01 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | The Review of Politics (JOURNAL) |
| Journal identifiers | ISSN: 0034-6705 • E-ISSN: 1748-6858 |
| Publisher | Cambridge University Press (CUP) (PUBLISHER) |
| DOI | 10.1017/s0034670500001674 |
| OpenAlex | W2105603587 |
| Language | EN |
| Citations received | 3 |
| References cited | 5 |
The war which Great Britain entered in 1939 has now been won by the United Nations. But for the first of the great partners of the Alliance the costs have been tremendous. Of the £4 billions in overseas investments which Britain possessed before the war, only about £2 billions remain—most of the rest were spent in meeting charges of war goods which had to be purchased during the period of Cash and Carry. Not only has this important source of British income been lost but during the same period Britain built up an external debt of £31⁄2 billions. Britain's great merchant fleet, which lost about 11 million tons by enemy action during the war, has by a prodigious effort recovered 2/3 of its 1937 level of 171⁄2 million gross tons. But the quality of many of the ships is unsatisfactory and at the same time the United States has developed a merchant fleet several times larger than Britain's. In the competition to carry the world's shrunken international trade, Britain will be at a greater disadvantage than it has ever been during the present century. In other invisible exports also she faces serious difficulties; for example, the overseas business of British insurance companies which contributed £12 to £15 million annually to the balance of trade is threatened with restrictions in capitalistic countries and extermination in collectivistic ones. The British export trade which in 1938 contributed about £450 million to the national income and on which Britain depends to a greater extent than any other great country for the maintenance of its standard of living (the fourth highest in the world,) has shrunk by 1944 to 55% in value and 31% in volume of the 1938 level
Alliance · Business · Carry (investment · Cash · Competition (biology · Debt · Economic history · Economics · Economy · International trade · Political science · Position (finance · World War II · Finance · Law · Political and Economic history of UK and US
| Unique citing works | 3 |
|---|---|
| Citations per year | 0,04 |
| Citation span | 1951 - 2015 (65) |
| Citation velocity | historical |
| Highly cited | No |
| Citation types | Neutral: 3 |