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A Possible Transformation Policy for Britain

In: Financing Industrial Investment

Author

Listed:
  • John C. Carrington
  • George T. Edwards

Abstract

We have already put forward the view in previous chapters and elsewhere1 that a country’s economic growth rate is crucially dependent upon the efficiency of the transformation process which transfers short-term savings in the banks and longer-term savings in financial institutions into long-term plant and machinery investments in the factories. Our conclusion was that UK manufacturing industry was, and is, suffering a relative disadvantage, especially compared with industry in West Germany or Japan, due to the paucity of long-term external investment finance in the UK and its availability elsewhere. This book lays out the evidence for that viewpoint in more detail than could possibly be covered in an article.

Suggested Citation

  • John C. Carrington & George T. Edwards, 1979. "A Possible Transformation Policy for Britain," Palgrave Macmillan Books, in: Financing Industrial Investment, chapter 7, pages 217-233, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-04021-6_7
    DOI: 10.1007/978-1-349-04021-6_7
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