Britain, Europe and EMU [Hardcover]

This book shows how the transformation of Britain's economic performance has been based on control of public expenditure, improving competitiveness, co-operative industrial relations and a large favourable contribution from inward investment. In contrast, Europe has suffered from rising unemployment, while misguided trade policies have obstructed the exploitation of the IT revolution. Europe's failures will undermine the EMU project. Britain will do well to keep clear. The book concludes with chapters on the modern relevance of Locke on inflation, Ricardo on public debt and Condillac on the creation of competitive market economies.Acknowledgements Introduction BRITAIN Public Expenditure and the British Economy (with Robert Bacon) The Key to Higher British Living Standards Closing the British Competitiveness Gap (with David Higham) The Political Economy of British Foreign Direct Investment EUROPE Europe's Unemployment Crisis The IT Revolution and European Employment The Lessons for Britain and for Europe from the Success of German Counter-Inflation Policy EMU The Creation and Destruction of EMU Further Considerations on EMU: It will Create Instability and Destroy Employment HISTORICAL LESSONS John Locke and the Establishment of a Secure Currency Debt, Deficits and Default France's Free Market Reforms in 1774-76 and Russia's in the 1990s: The Immediate Relevance of the Abb? de Condillac's Analysis References Index

'Eltis writes in an engaging manner and is impressive in marshaling statistical evidence to support his arguments...' - Albion

WALTER ELTIS is Emeritus Fellow of Exeter College, Oxford, and Visiting Professor of Economics at the University of Reading. He is author of The Classical Theory of Economic Growth and co-author (with Robert Bacon) of Britain's Economic Problem: Too Few Producers. He was Economic Director and subsequently Director General of the National Economic Development Office from 1986 lã$