Introduction: One hundred all out

Larry Elliott and Dan Atkinson

A chapter in Going South, 2012, pp 1-13 from Palgrave Macmillan

Abstract: Abstract In the hundred years from 1914 to 2014, the century since the outbreak of the First World War, the United Kingdom will have declined from pre-eminent global superpower to developing country, or ‘emerging market’, part of the Global South. The symptoms of this vertiginous plunge in the world’s rankings are already starkly apparent: a chronic balance of payments deficit, a looming shortage of energy and food, a dysfunctional labour market, volatility in economic growth and a painful vulnerability to external events.

Keywords: International Monetary Fund; Great Recession; United Nations Security Council; Asset Allocation Strategy; House Price Bubble (search for similar items in EconPapers)
Date: 2012
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-39255-7_1

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DOI: 10.1007/978-0-230-39255-7_1

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