The impact of protectionism is currently a contentious policy issue. This book evaluates the effects of protectionism on the British inter-war 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 that can help to explain the trend improvement in British economic growth in the 1930s. The authors show that the tariff made domestic products more competitive, 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 favorable 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.

Protectionism and Economic Revival: The British Inter-war Economy

Business & Money

Kitson, Michael

Solomou, Solomos

Economics

Cambridge University Press

Using data from Britain, France, Germany, the United States, and the world economy between 1850 and 1973, this book presents a clear and systematic examination of the evidence for long-term patterns of economic growth. The author refutes the existence of long (Kondratieff) waves in the course of economic development, and instead presents persuasive evidence for a growth pattern characterized by episodic long swing fluctuations of twenty to thirty years, documenting and explaining these phases in a historical perspective.

Phases of Economic Growth, 1850–1973: Kondratieff Waves and Kuznets Swings

<p>Using data from Britain, France, Germany, the United States, and the world economy between 1850 and 1973, this book presents a clear and systematic examination of the evidence for long-term patterns of economic growth. The author refutes the existence of long (Kondratieff) waves in the course of economic development, and instead presents persuasive evidence for a growth pattern characterized by episodic long swing fluctuations of twenty to thirty years, documenting and explaining these phases in a historical perspective.</p>

Themes in Macroeconomic History: The UK Economy 1919–1939

Characterized by mass unemployment, protectionism, diverse exchange rate regimes, the disintegration of the world trade, and poor long-term growth prospects, the interwar period was, by any standards, a remarkable one. This textbook provides a survey of the key macroeconomic questions that arose from the experience of the British economy from 1919 to 1939. A comparative approach is adopted throughout, placing the UK experience in the context of the world economy. The book continually applies economic theory to historical examples.

<p>Characterized by mass unemployment, protectionism, diverse exchange rate regimes, the disintegration of the world trade, and poor long-term growth prospects, the interwar period was, by any standards, a remarkable one. This textbook provides a survey of the key macroeconomic questions that arose from the experience of the British economy from 1919 to 1939. A comparative approach is adopted throughout, placing the UK experience in the context of the world economy. The book continually applies economic theory to historical examples.</p>

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Books by Solomou, Solomos

See the best price to sell, buy, or rent books by Solomou, Solomos. BookScouter helps to compare book prices from 25+ online bookstores and 30+ buyback vendors with a single search.

Protectionism and Economic Revival: The British Inter-war Economy

Phases of Economic Growth, 1850–1973: Kondratieff Waves and Kuznets Swings

Protectionism and Economic Revival: The British Inter-war Economy

Phases of Economic Growth, 1850–1973: Kondratieff Waves and Kuznets Swings

Themes in Macroeconomic History: The UK Economy 1919–1939

Themes in Macroeconomic History: The UK Economy 1919–1939