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The modern British Commonwealth, linking fifty countries around the world in voluntary association, cooperation, and consultation, is a unique body in world history. The area of its member countries covers a third of the globe and collectively their peoples represent a quarter of the world's total population. Though essentially different from the British Empire from which it originated, the Commonwealth shares many common historical ties with Britain. Patricia M. Larby and Harry Hannam have assembled an unrivaled body of literature to illustrate the growth of the Empire into the Commonwealth. This extensive bibliography identifies, lists, and annotates the most important publications on the development and growth of the Commonwealth; its present status and functions; and its role in education, literature, sport, and the arts and sciences. It includes its historical origins: its cooperation in economics, politics, and international issues such as the environment; and its many spheres of professional activity including medicine, law, and architecture. Strong emphasis is placed on the role of the English language in the Commonwealth and as a medium for creative literature in many disparate cultures worldwide. The Commonwealth appears at a time when this unique organization is on the threshold of a new era in its history. The proposals emerging from the 1991 Commonwealth Heads of Government meeting include statements on democracy and human rights; environmental affairs; and global concerns such as international crime, drug abuse, and AIDS. No previous comprehensive bibliography of the Commonwealth exists, and this volume fills a long-standing gap in the bibliographical coverage. It will be an essential reference source for libraries and scholars involved in Commonwealth studies and will be of particular interest to historians, political scientists, economists, and educators.
To complement current work on the British domestic economy in the post-war period it is necessary to examine external economic policy. Whilst considerable work has been done on Britain's relations with Europe and with America, the complexities of the sterling area have remained obscure. This volume makes a significant contribution to unravelling the strands of British external economic policy in the post-war period.
Radical insider’s account of how the city of London really works The City, as London’s financial centre is known, is the world’s biggest international banking and foreign exchange market, shaping the development of global capital. It is also, as this groundbreaking book reveals, a crucial part of the mechanism of power in the world economy. Based on the author’s twenty years’ experience of City dealing rooms, The City is an in-depth look at world markets and revenues that exposes how this mechanism works. All big international companies—not just the banks—utilise this system, and The City shows how the operations of the City of London are critical both for British capitalism and for world finance. Tony Norfield details, with shocking and insightful research, the role of the US dollar in global trading, the network of Britishlinked tax havens, the flows of finance around the world and the system of power built upon financial securities. Why do just fifty companies now have control of a large share of world economic production? The City explains how this situation came about, examining the history of the world economy from the postwar period to the present day. If you imagine you don’t like “finance” but have no problem with the capitalist market system, think again: it turns out the two cannot be separated.
The demise of sterling as an international currency was widely predicted after 1945, but the process took thirty years to complete. Why was this demise so prolonged? Traditional explanations emphasize British efforts to prolong sterling's role because it increased the capacity to borrow, enhanced prestige, or supported London as a centre for international finance. This book challenges this view by arguing that sterling's international role was prolonged by the weakness of the international monetary system and by collective global interest in its continuation. Using the archives of Britain's partners in Europe, the USA and the Commonwealth, Catherine Schenk shows how the UK was able to convince other governments that sterling's international role was critical for the stability of the international economy and thereby attract considerable support to manage its retreat. This revised view has important implications for current debates over the future of the US dollar as an international currency.
Study of aspects of international trade and economic growth in the sterling area and Commonwealth against the background of world economic growth - covers trade trends, trade in raw materials and industrial products, the balance of payments, the flow of capital, issues of economic policy, monetary policy, etc.