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A detailed analysis of how government in India was financed during the period of direct British rule. This book explores the financial relationship between the Indian government, as represented by the India Office, and the City of London during the period of direct British rule. The universally accepted view is that the Office acted in the interests of the City and to the detriment of India. Financing the Raj disputes this conclusion. It argues that India was a constituent part of the City, contributing to and benefitting from its operation throughthe formation of close symbiotic and trust relationships, the exchange of gifts, the recycling of funds, and, perhaps most significantly, the support of the gold standard. The book examines the Office's activities from a British and practical perspective. In the first part, the issue and sale/purchase on the London market of Indian government debt is explored. Next, the author discusses the purchase of silver and the 'scandal' of 1912, when the awardof a major contract to the family firm of the Under Secretary of State for India led to accusations of cronyism and fraud. The finance of Indian trade, the management of exchange rates and the transfer from India to London of themoney needed to meet the Indian government's UK commitments are then investigated. The book concludes with an analysis of the Office's investment role and its management of the three cash reserves held in the capital. Financing the Raj overturns many myths, demonstrating that those involved in Indian finance did work in the best interests of India and were well aware of the close interrelationship between Indian finance, the City of London andthe wider British economy. It will be of interest both to historians of empire and historians of finance. DAVID SUNDERLAND is Reader in Business History at the University of Greenwich and the author of four monographs and numerous articles on the economic history of London, British Imperialism and nineteenth-century social capital. He is also Series and Collection editor of Pickering & Chatto's Britain and Africa series of source monographs.
Economic governance institutions (rules, norms and enforcement practices) define the cost and incentive structures that influence the decisions of economic actors. They therefore have a significant impact on micro and macro economic performance across countries and time. This book contributes to the growing governance literature in three ways. First, it extends the analysis to new areas such as power asymmetry, regulation, transnational company strategies, and law enforcement. Secondly, it examines the role of formal institutions that shape and enforce the rules/norms codified in law; but also private-ordering institutions that function under the umbrella of the State; and private institutions (such as market rules/norms) that provide reputational and other information that foster compliance. Finally, the book extends and enriches the governance debate, addressing issues such as the determinants of institutional quality and efficiency, and the interaction between actor networks and institutional norms. Does Economic Governance Matter? brings together state-of-the-art research and analysis that will appeal to academics and undergraduate and postgraduate students of economics, public policy, network analysis, corporate governance and business law. The book will also appeal to a wide range of practitioners and policymakers in areas such as regulation, competition, international development, corporate law and macroeconomic policy design.
One of the main motives for British imperialism in Africa was economic gain. This collection examines the ways in which Britain developed Africa, and, in so doing, benefited her own economy.
This collection focuses on the economic development of the areas of SE Asia with which Britain had a trading relationship. Covering 1880-1939, the economic growth of the region is revealed through a selection of rare primary resources organized thematically with sections dedicated to agriculture, mining, trade, labour, finance and infrastructure.
This collection focuses on the economic development of the areas of SE Asia with which Britain had a trading relationship. Covering 1880-1939, the economic growth of the region is revealed through a selection of rare primary resources organized thematically with sections dedicated to agriculture, mining, trade, labour, finance and infrastructure.
This collection focuses on the economic development of the areas of SE Asia with which Britain had a trading relationship. Covering 1880-1939, the economic growth of the region is revealed through a selection of rare primary resources organized thematically with sections dedicated to agriculture, mining, trade, labour, finance and infrastructure.
This collection presents rare documents relating to the development of various forms of communication across Africa by the British, as part of their economic investment in Africa. Railways and waterways are examined.
High Performance Long Distance Running is a book for serious long-distance runners from 5,000 metres to the marathon. It covers every aspect of the preparation required by an elite-performance athlete and the author argues that absolutely nothing should be left to chance.
The first text to examine the concept of trust and the role that it played on the Industrial Revolution, this book is a key resource for students' studying nineteenth century British history as well as historically minded sociologists. Analytical in style and comprehensive in approach, Social Capital, Trust and the Industrial Revolution covers a range of themes, including: the forms of behaviour, institutions and strategies that contributed to the formation of trust the circumstances that could lead to its rise or fall the presence of distrust the relationship and links between trust and power. Although research has shown that high levels of social capital and trust promotes economic growth, low crime rates and improved labour relations, little work has been done on the historical impact of this essential resource. David Sunderland's incisive monograph is resets the balance and demonstrates how social capital played a crucial role in the industrial, social and political changes of the late eighteenth and nineteenth century.
This collection focuses on the economic development of the areas of SE Asia with which Britain had a trading relationship. Covering 1880-1939, the economic growth of the region is revealed through a selection of rare primary resources organized thematically with sections dedicated to agriculture, mining, trade, labour, finance and infrastructure.
This collection focuses on the economic development of the areas of SE Asia with which Britain had a trading relationship. Covering 1880-1939, the economic growth of the region is revealed through a selection of rare primary resources organized thematically with sections dedicated to agriculture, mining, trade, labour, finance and infrastructure.
This collection presents rare documents relating to the development of various forms of communication across Africa by the British, as part of their economic investment in Africa. Railways and waterways are examined.
This collection presents rare documents relating to the development of various forms of communication across Africa by the British, as part of their economic investment in Africa. Railways and waterways are examined.
This collection presents rare documents relating to the development of various forms of communication across Africa by the British, as part of their economic investment in Africa. Railways and waterways are examined.
This collection presents rare documents relating to the development of various forms of communication across Africa by the British, as part of their economic investment in Africa. Railways and waterways are examined.
This collection focuses on the economic development of the areas of SE Asia with which Britain had a trading relationship. Covering 1880-1939, the economic growth of the region is revealed through a selection of rare primary resources organized thematically with sections dedicated to agriculture, mining, trade, labour, finance and infrastructure.
One of the main motives for British imperialism in Africa was economic gain. This collection examines the ways in which Britain developed Africa, and, in so doing, benefited her own economy.
The first text to examine the concept of trust and the role that it played on the Industrial Revolution, this book is a key resource for students??? studying nineteenth century British history as well as historically minded sociologists. Analytical in style and comprehensive in approach, Social Capital, Trust and the Industrial Revolution covers a range of themes, including:
Although research has shown that high levels of social capital and trust promotes economic growth, low crime rates and improved labour relations, little work has been done on the historical impact of this essential resource. David Sunderland??'s incisive monograph is resets the balance and demonstrates how social capital played a crucial role in the industrial, social and political changes of the late eighteenth and nineteenth century.
This collection presents rare documents relating to the development of various forms of communication across Africa by the British, as part of their economic investment in Africa. Railways and waterways are examined.
This collection presents rare documents relating to the development of various forms of communication across Africa by the British, as part of their economic investment in Africa. Railways and waterways are examined.
This collection presents rare documents relating to the development of various forms of communication across Africa by the British, as part of their economic investment in Africa. Railways and waterways are examined.
One of the main motives for British imperialism in Africa was economic gain. This collection examines the ways in which Britain developed Africa, and, in so doing, benefited her own economy.
One of the main motives for British imperialism in Africa was economic gain. This collection examines the ways in which Britain developed Africa, and, in so doing, benefited her own economy.
This collection presents rare documents relating to the development of various forms of communication across Africa by the British, as part of their economic investment in Africa. Railways and waterways are examined.
The Crown Agents Office played a crucial role in colonial development. The Crown Agents Office played a crucial role in colonial development. Acting in the United Kingdom as the commercial and financial agent for the crown colonies, the Agency supplied all non-locally manufactured stores required bycolonial governments, issued their London loans, managed their UK investments, and supervised the construction of their railways, harbours and other public works. In addition, the Office supervised the award of colonial land and mineral concessions, monitored the colonial banking and currency system, and performed a personnel role, paying colonial service salaries and pensions, recruiting technical officers, and arranging the transport of officers, troopsand Indian indentured labour. In this important book, the first in-depth investigation of the Agency, David Sunderland examines each of these services in turn, determining in each case whether the Crown Agents' performance benefited their clients, the UK economy or themselves. His book is thus both an account of a remarkable and unique organisation and a fascinating examination of the "nuts and bolts" of nineteenth-century development. David Sunderland is Reader in Business History, Greenwich University. |
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