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Decolonization and the Commonwealth of Nations

In: History of the British Empire from Asian Perspectives

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  • Shigeru Akita

    (Osaka University)

Abstract

This chapter considers the transformation and dissolution of the British Empire in the twentieth century, and the progress of decolonization. After World War I, the independence of the white Dominions progressed, and the British Empire shifted to the Empire-Commonwealth System with the Dominions at its core. In this process, Britain actively engaged in economic diplomacy, utilizing the financial power of the City. The resulting “Sterling Area” was formed and remained even after World War II, and it became a means of preserving Britain’s global influence. However, following the setback in the Suez Crisis of 1956 and the overwhelming economic and military power of the United States, Britain was forced to withdraw from its Empire in the 1960s. The final turning point in this decolonization was the return of Hong Kong in 1997.

Suggested Citation

  • Shigeru Akita, 2025. "Decolonization and the Commonwealth of Nations," Studies in Economic History, in: History of the British Empire from Asian Perspectives, chapter 0, pages 91-127, Springer.
    • Handle: RePEc:spr:stechp:978-981-96-1004-4_4
    DOI: 10.1007/978-981-96-1004-4_4
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