Protectionism and Economic Revival - The British Inter-war Economy (Hardcover, New)

The impact of protectionism is currently a contentious policy issue. This book evaluates the effects of protectionism on the British interwar economy. In contrast to most studies of the period and the conclusions of orthodox economic theory, Kitson and Solomou show that the introduction of the General Tariff in 1932 provided a substantial stimulus to the domestic economy - a stimulus which can help to explain the trend improvement in British economic growth in the 1930s. The authors show that the tariff made encouraging import substitution and macroeconomic expansion. The empirical evidence is examined at two levels. First, a sectoral study shows that the newly protected sector of the 1930s saw an improvement in performance following the introduction of the tariff. Secondly, the large fall in manufacturing imports generated favourable effects on macroeconomic performance by helping to reduce the import propensity of the economy. The policy implication of this study is that trade policies should be constructed in the context of prevailing economic conditions and not solely with reference to sometimes inappropriate theoretical perspectives.

General

Imprint:	Cambridge UniversityPress
Country of origin:	United Kingdom
Release date:	September 1990
First published:	1990
Authors:	Michael Kitson • Solomos Solomou
Dimensions:	228 x 152 x 13mm (L x W x T)
Format:	Hardcover
Pages:	136
Edition:	New
ISBN-13:	978-0-521-38267-0
Categories:	Books > Humanities > History > History of specific subjects > Economic history Books > History > History of specific subjects > Economic history Promotions
LSN:	0-521-38267-X
Barcode:	9780521382670

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