Economic historians have perennially addressed the intriguing question of comparative development, asking why some countries develop much faster and further than others. Focusing primarily on Europe between 1914 and 1939, this present volume explores the development of thirteen countries that could be said to be categorised as economically backward during this period: Albania, Bulgaria, Estonia, Greece, Hungary, Latvia, Lithuania, Poland, Portugal, Romania, Spain, Turkey and Yugoslavia. These countries are linked, not only in being geographically on Europe's periphery, but all shared high agrarian components and income levels much lower than those enjoyed in western European countries. The study shows that by 1918 many of these countries had structural characteristics which either relegated them to a low level of development or reflected their economic backwardness, characteristics that were not helped by the hostile economic climate of the interwar period. It explores, region by region, how their progress was checked by war and depression, and how the effects of political and social factors could also be a major impediment to sustained progress and modernisation. For example, in many cases political corruption and instability, deficient administrations, ethnic and religious diversity, agrarian structures and backwardness, population pressures, as well as international friction, were retarding factors. In all this study offers a fascinating insight into many areas of Europe that are often ignored by economists and historians. It demonstrates that these countries were by no means a lost cause, and that their post-war performances show the latent economic potential that most harboured. By providing an insight into the development of Europe's 'periphery' a much more rounded and complete picture of the continent as a whole is achieved.
With a few exceptions, historiography has paid little attention to the impact of French economic thought during the American Revolution, focusing instead on the Revolution’s links with Britain. This book outlines how, from the mid-eighteenth to the early-nineteenth century, the political and social dimension of French economic thought, and particularly of Physiocracy, spurred American Republicans to a radical shaping of American agrarian ideology. Such a perspective allows for a reconsideration of several questions that lie at the heart of contemporary historiographic debate: the connection between politics and economics; the meaning of republicanism; the foundations of representation; the role of Europe in the Atlantic world; and the interaction between national histories and global context. In particular, the research methodology adopted here makes it possible to reconstruct how American national identity, conceived as an expression of society in economic terms, emerged through a cosmopolitan way of thinking focused on the uniqueness of the new state.
A Decent Provision is a narrative history of how and why Australia built a distinctive welfare regime in the period from the 1870s to 1949. At the beginning of this period, the Australian colonies were belligerently insisting they must not have a Poor Law, yet had reproduced many of the systems of charitable provision in Britain. By the start of the twentieth century, a combination of extended suffrage, basic wage regulation and the aged pension had led to a reputation as a 'social laboratory'. And yet half a century later, Australia was a 'welfare laggard' and the Labor Party's welfare state of the mid-1940s was a relatively modest and parsimonious construction. Models of welfare based on social insurance had been vigorously rejected, and the Australian system continued on a path of highly residual, targeted welfare payments. The book explains this curious and halting trajectory, showing how choices made in earlier decades constrained what could be done, and what could be imagined. Based on extensive new research from a variety of primary sources it makes a significant contribution to general historical debates, as well as to the field of comparative social policy.
After fifteen years of transition in the former communist states of Central and Eastern Europe it has become clear that for a substantial number the objective of reform and restructuring process is a market system in line with membership of the EU. In this study the long term economic transformation of Romania is studied, offering a detailed narrative and thematic account of events from the nineteenth to the twenty-first centuries. From the first steps towards large scale industrialisation begun prior to the First World War, through the accelerated pace set by the communist regime after 1945 and the uncertainty following its subsequent collapse in 1989, the book addresses a wide range of pertinent issues that have shaped Romania's economic development. The study also offers an interpretation of a distinctive phase in the modernisation of post-communist Romania, supported by economic-historical surveys of the proceeding century as a context for recent restructuring on the eve of EU accession. This is linked with trends in the region as a whole so that a broad perspective is maintained throughout the book. By highlighting Romania's position as one of more backward accession states and considering in what ways its experience during transition differs from the more developed states of the region, this study offers a valuable insight into both the history of Romania, and its future prospects. Furthermore it provides a valuable case study that can be compared and contrasted with other countries who are likewise still grappling with the legacy of a centralised economy, and in the process of adopting a more market orientated approach in order to gain EU membership. As such this study will be of interest not only to historians and economists, but anyone with an interest in the expansion of the European Union.
This book is specifically aimed at addressing a gap in the study of the evolution of corporate governance in Britain. In particular its key theme, the relationship between corporate governance and personal capitalism in British manufacturing in the first half of the twentieth century, provides the means for a systematic and critical examination of the dominant Chandlerian paradigm that the long-running persistence of personal capitalism shaped the governance of British manufacturing firms well into the twentieth century and acted to erode their competitive performance. The book helps to identify those aspects of corporate governance that have undergone change, with some critical observations on the magnitude of change and those aspects which have displayed characteristics of continuity. The empirical spine of this book is set out in a series of case studies which provide the basis for the examination of corporate governance in Britain during the period c. 1900 to 1950. By focusing particularly on the responses of a range of businesses to the turbulent environment of the inter-war years, this volume offers an insight into a much neglected, yet vital, area of business and economic history.
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