Britain and the Economic Problem of the Cold War - Till Geiger - Paperback Book

Taylor & Francis

Examining aspects of the political economy and economic impact of British defence expenditure in the period of the first cold war (1945-1955), Britain and the Economic Problem of the Cold War challenges the widespread assumption that the British commitment to fighting the cold war precipitated the country's relative economic decline in the postwar period. > Many accounts of British development since 1945 have attempted to discover why Britain experienced slower rates of economic growth than other Western European countries. In many cases, the explanation for this phenomenon has been attributed to the high level of defence spending that successive British post-war governments adhered to. Yet is it fair to assume that Britain's relative economic decline could have been prevented if policy makers had not spent so much on defence? Examining aspects of the political economy and economic impact of British defence expenditure in the period of the first cold war (1945-1955), this book .