ABSTRACT
During the second half of the twentieth century, Britain attained one of the slowest rates of economic growth among Organization for Economic Cooperation and Development countries. From the early sixteenth century until the mid-nineteenth century, Britain was the country that attained the fastest rates of manufacturing output in the world. During the second half of the twentieth century, Britain was pressured by most of the circumstances into giving support to the sector and it was under a similar level of pressure as several other countries. Britain endured more physical destruction during World War II than France and Italy and its factories were more destroyed, damaged, and paralyzed than in these two countries. Scandinavia and West Germany spent a larger share of their gross domestic products on social welfare than Britain did and they nonetheless grew at a much faster pace. The 1970s witnessed a considerable plunge in Britain’s rate of economic growth.
