Remaking the Postwar World Economy

Download or read book Remaking the Postwar World Economy written by P. Burnham and published by Springer. This book was released on 2003-09-02 with total page 245 pages. Available in PDF, EPUB and Kindle. Book excerpt: Peter Burnham presents a detailed, archive-based account of the keys aspects of international monetary relations in the 1950s focusing in particular on Anglo-American policy surrounding the restoration of sterling convertibility. He argues that in 1952 the British government had a unique opportunity to take an almost revolutionary step in the external field to transform the international political economy (through the abolition of the fixed rate system, the International Monetary Fund, and the European Payments Union) and restructure Britain's domestic economy to tackle longstanding productivity, export and labour market problems.