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Anglo-American Financial Interdependence and the Rise of Income Inequality

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The British Growth Crisis

Abstract

Understanding the roots of Britain’s failing economic model requires a deeper historicisation of British economic development than is commonly ventured. This leads us towards the Anglo-American dimension of British development and, in particular, the role that foreign direct investment (FDI) has played within a shared Anglo-American commitment to the promotion of an open, liberal, international political economy. As hosts to the world’s two major international financial centres, London and New York, state officials and bankers in Britain and the US, through their interactions and interdependence, were central to driving the politics of financial globalisation and capital market liberalisation in the post-war period.

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Authors
  1. Jeremy Green
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Editor information

Editors and Affiliations

  1. University of Sheffield, UK

    Jeremy Green (Research Fellow) & Colin Hay (Professor of Political Science) (Research Fellow) &  (Professor of Political Science)

  2. University of Kent at Canterbury, UK

    Peter Taylor-Gooby (Professor of Social Policy) (Professor of Social Policy)

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© 2015 Jeremy Green

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Green, J. (2015). Anglo-American Financial Interdependence and the Rise of Income Inequality. In: Green, J., Hay, C., Taylor-Gooby, P. (eds) The British Growth Crisis. Building a Sustainable Political Recovery: SPERI Research & Policy. Palgrave Macmillan, London. https://doi.org/10.1057/9781137441522_4

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