By George Brennan, Alan Milward
Britain's position on the planet examines the institution and effectiveness of import controls, rather quotas. putting quotas again within the centre of British historical past, Milward and Brennan make a few radical claims for Britain's fiscal functionality in an international context. taking a look right into a big range of industries from motor vehicles to typewriters, uncooked chemical compounds to nutrition produce, they learn the meant and genuine obstruction to imported items represented via quotas, and the political and monetary ramifications past the statistics.This is the fourth publication to be released within the Routledge Explorations in fiscal heritage sequence.
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Additional resources for Britain's Place in the World: Import Controls 1945-60 (Routledge Explorations in Economic History, 4)
Some ‘global’ quotas, like that imposed on pulp and other paper-making materials in November 1951 were truly global in that importers could import up to their specified limit from anywhere on the globe, including the dollar zone.
Under the GATT article the USA justified its imposition of quotas on crude oil and oil products in 1959, claiming that its oil stocks were essential to national security. The licences to import crude oil into the USA under the quota regime of the 1960s were actually a highly profitable subsidy to those who received them. The landed price of middle eastern crude oil in US east coast ports was only 65 per cent of the delivered price of domestic oil there. Inland oil refiners sold their licences to coastal refineries which used imported oil.
4 In western Europe a large number of relatively small economies with more limited resources than the USA and with contiguous frontiers only achieved comparable levels of per capita income with imports accounting for much greater shares of apparent consumption. The pressures on their governments to provide speedy protection against sudden changes in the pattern of imports were much stronger in the inter-war period than in the USA 18 IMPORT QUOTAS AND THE MODERN STATE and the will of their parliamentary assemblies to maintain detailed control of commercial policy proved to be weaker.
Britain's Place in the World: Import Controls 1945-60 (Routledge Explorations in Economic History, 4) by George Brennan, Alan Milward
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