IDEAS home Printed from https://ideas.repec.org/h/pal/palchp/978-1-349-08627-6_6.html
   My bibliography  Save this book chapter

The Economic Failure of English-Speaking Nations, the Prospects and the Real Solutions

In: The Role of Banks in Economic Development

Author

Listed:
  • George T. Edwards

Abstract

Until the early 1950s, as B. R. Cant points out, the British economy enjoyed nearly four centuries of uninterrupted economic success. Britain’s overseas colonies in North America and in Australasia had also succeeded economically beyond any possible historical precedent. The British Empire, after the Second World War, was decolonised partly under American pressure but also because of the moral arguments about the need for self-rule and independence in the colonies. Yet perhaps there was a third reason which outcropped both American pressure and the moral arguments for decolonisation. Britain’s politicians seemed to be utterly sure that Britain had eternally stamped various facets of its culture on the face of the planet. They were not wrong to believe this; it was inconceivable that any nation could become economically pre-eminent unless, at the very least, it adopted British industrialisation. In the post-war period, the future of the world seemed to reside in English-speaking hands, and Britain’s unique legacies seemed unassailable. There were pehaps three major facets of that legacy (apart from industrialisation itself): first, the ubiquity of English, which became and still is the lingua franca par excellence, making its polite borrowed bows to less successful rivals within the same language group; second, a curiously discriminating culture, within which thousands of influences incessantly struggled for ascendancy; and third, a cultural preference for gentleness (unless the state monopoly of violence and viciousness should prove to be necessary).

Suggested Citation

  • George T. Edwards, 1987. "The Economic Failure of English-Speaking Nations, the Prospects and the Real Solutions," Palgrave Macmillan Books, in: The Role of Banks in Economic Development, chapter 6, pages 174-195, Palgrave Macmillan.
  • Handle: RePEc:pal:palchp:978-1-349-08627-6_6
    DOI: 10.1007/978-1-349-08627-6_6
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pal:palchp:978-1-349-08627-6_6. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.palgrave.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.