Britain Is Not Producing Enough of What People Want to Buy



Britain has not enjoyed great trading success during the last three or four decades. As we saw in Chapter 5, world trade grew steadily and strongly until the 1970s, but Britain did not share fully in this, suffering recurrent balance of payment crises. In fact, British export growth, though continuing and significant, has been poor by world standards and by comparison with other industrial nations. The position is set out in Figures 10.1 and 10.2, derived from Table 10.1.


Production Sector Trade Balance Private Service Investment Effort Service Export 
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Copyright information

© Robbie Gilbert 1989

Authors and Affiliations

  1. 1.Institute of Economics and StatisticsUniversity of OxfordUK

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