Remaking the Postwar World Economy: Robot and British Policy in the 1950s

P. Burnham

Sep 2003 · Springer

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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.

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PETER BURNHAM is Reader in Politics and International Studies at the University of Warwick. He teaches in the areas of British politics and international political economy. Previous publications include The Political Economy of Postwar Reconstruction.