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Author(s) -
PHYLAKTIS KATE
Publication year - 1983
Publication title -
economic affairs
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.24
H-Index - 18
eISSN - 1468-0270
pISSN - 0265-0665
DOI - 10.1111/j.1468-0270.1983.tb01514.x
Subject(s) - industrial revolution , economics , business , economy , international trade , market economy , political science , law
Politicians from all parties made much during the electlon campaign of the ‘erosion of the industrial base’. Kate Phylaktis examines the figures and discovers a fundamental change in the structure of the UK economy. For the first time since the Industrial Revolution Britain is importing manufactures; these are paid for by the surplus earned by the export of services, which now employ more than 60% of UK labour.