In the early postwar era, Britain enjoyed a very close relationship with Australia and New Zealand, through their common membership of the Sterling Area and the Commonwealth Preference Area. This book examines the breakdown of this relationship in the 1950s and 60s, and the various economic factors involved. Special emphasis is given to the implications for Australia and New Zealand of Britain's proposal for a European free trade area, and of Harold Macmillan's unsuccessful bid to join the EEC in 1961-3.
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