Britain's Sterling Colonial Policy and Decolonization, 1939-1958

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Allister Hinds

Book Code: GM1953

ISBN: 0-313-31953-7

ISBN-13: 978-0-313-31953-2

DOI:

232 pages, tables

Greenwood Press

Publication: 7/30/2001

List Price: $115.00 (UK Sterling Price: £65.00)

Availability: Out of stock

Media Type: Hardcover

Trim Size: 6 1/8 x 9 1/4

Subjects:

Series Title: Contributions in Comparative Colonial Studies

Series Number: 42

Reviews:

[A] well-written contribution to the growing literature on the economics of de-colonization.
—Economic History Review November 2002
[t]he ambitious arguments set out in the book makes an important addition to the existing literature....[s]uceeds in demonstrating the importance of finance in British imperial policy.
—Journal of Imperial & Commonwealth History September 2003

Description: Arguing that Britain's sterling policy had a significant impact on its colonial economic policy, this book focuses on the connection between Britain's sterling and balance of payments policy, colonial economic policy, and the British government's decision to transfer power to colonial peoples. The volume considers such factors as sterling policy and the state of the British economy, U.S. and Western European pressure for multilateralism in Britain's trade and commercial policy, the movement toward independence in colonial territories, and the cost of financing colonial development and welfare. The book argues that in the postwar years the assumptions guiding British policies for colonial political reform were undermined by postwar developments in Ghana, Nigeria, and the Malayan Federation--the three greatest dollar-earning colonies. As these colonies moved toward independence, their demands for development finance forced Britain to face the prospect of meeting such demands at great costs when the expenditure could not be justified. Britain extricated itself from this dilemma by transferring power to colonial peoples.

Table of Contents:

Introduction
Sterling and Imperial Policy 1945-1951
British Economic Trials and Devaluation 1945-1949
Recovery and Relapse: British Imperial Policy 1949-1952
Sterling and Colonial Resource Mobilization: The Crucial Years, 1949-1951
Britain's Postwar Crises and Colonial Development Finance 1945-1951
Sterling Convertibility and Colonial Reform 1952-1958
Decolonization and Colonial Development Finance 1952-1957
Conclusion
Bibliography
Index

LC Card Number: 2001018222

LCC Class: DA16

Dewey Class: 325


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