ABSTRACT
Britain and the World Market.—The salient feature of Great Britain’s economic development since the War is her relative decline as an industrial nation. This is manifest in two ways: first, in the absolute fall in the quantity of her exports; second, in the smaller proportion of the world’s export trade which falls to her share. The following two tables make this clear.
|
Exports |
Percentage reduced to 1913 price level |
Percentage share of World Exports |
|||
|---|---|---|---|---|---|
|
1913 |
1929 |
||||
|
1913. |
£525,000,000 |
100 |
United Kingdom |
14 |
10·8 |
|
1921. |
£703,000,000 |
50 |
Germany |
13 |
9·2 |
|
1927. |
£709,000,000 |
79 |
France. |
7 |
6·0 |
|
1929. |
£730,000,000 |
82 |
U.S.A |
13 |
15·8 |
