The fundamental role of Great Britain's economy in the
international economic system in the century preceding the First
World War is demonstrated by a number of variables, which have
drawn the interest of many scholars. The focus here is on capital
flows. The main difficulty encountered in this work arose from a
shortage of documentation on economic data in the historical period
under consideration, which has been tentatively reconstructed, on
the basis of a number of estimates, subjected to a close
comparative scrutiny. The book provides a valid guide to anyone
wishing to improve their understanding of the so-called "pax
britannica" which, at that time, rested on the canons of free trade
and the gold standard. This historical period is considered by many
to be the first experience of capitalist globalization. In this
sense the book is also intended to provide useful reading for those
who want to reflect on the possible future evolution of the world
economy.
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