"British disease": the factors of the economic crisis in the UK in 1970

Sergei Nevskij ()
Additional contact information
Sergei Nevskij: Lomonosov Moscow State University

Ekonomicheskaya Politika / Economic Policy, 2013, 38-61

Abstract: The article presents a retrospective analysis of the causes and consequences of the economic crisis in the UK in the 1970s, as a result of which the country has lost its competitive potential in relation to other industrialized countries of the West. It is argued that the main factors "British disease" were not only external factors - global crisis, stagflation and structural changes in the economic development, but above all internal deficits - the low level of productivity, the shortcomings of the education system, disordered labor relations, economic policy failures of the postwar period and archaic system of political and social institutions.

Keywords: UK economic policy; welfare state crisis; stagflation; deindustrialization (search for similar items in EconPapers)
Date: 2013
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://repec.ranepa.ru/rnp/ecopol/ep1314.pdf

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:rnp:ecopol:ep1314

Access Statistics for this article

Ekonomicheskaya Politika / Economic Policy is currently edited by Vladimir Mau

More articles in Ekonomicheskaya Politika / Economic Policy from Russian Presidential Academy of National Economy and Public Administration Contact information at EDIRC.
Bibliographic data for series maintained by RANEPA maintainer ().