The Disintegration of the British Empire as a Restructuring of the Geoeconomic System (1947-1972)

Vyacheslav Sokolov

Voprosy Ekonomiki, 2009, issue 8

Abstract: The article considers Great Britain as a "country-system" which organizes global economic structures. The article shows how the United Kingdom was gradually losing its exclusive position in the world trade. The high growth rates in the countries of continental Europe enhanced their attractiveness as trading partners and eventually caused Britains reorientation from preferential links with the countries of the Commonwealth to the European economic integration. The article criticizes widespread opinion that the refusal from colonialism and imperial ambitions was the consequence of developing free trade. Using the heritage of the Empire the United Kingdom ensured more favorable position in the world economy than it could get according to the competitiveness of the mother country.

Date: 2009
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Persistent link: https://EconPapers.repec.org/RePEc:nos:voprec:y:2009:id:911

DOI: 10.32609/0042-8736-2009-8-96-109

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