Abstract
THIS volume consists of a series of essays written at various dates and now collected in book form. The subjects discussed are: post-War economic tendencies up to 1925; gold and prices; Britain and world trade; economic progress 1925–29; tariff level indices, and an essay entitled “Quo Vadimus?” in which present-day economic trends are examined. Mr. Loveday is head of the Economic Intelligence Service of the League of Nations Secretariat, Geneva, and is thus well qualified to discuss these problems. He points out that Great Britain's share in world trade has declined and continues to decline. Whereas in 1913 she claimed 13.9 per cent of all exports, in 1928 this had fallen to 11.2 per cent. He considers that the forces determining economic development to-day demand a revision of industrial methods and a modification of industrial technique which have perhaps been less fully accomplished in Great Britain than elsewhere, though mobility of demand and the rapid progress of science render suppleness of industrial mechanism more necessary than ever. The book suffers from the form in which it is composed, and would have been improved if rewritten into a homogeneous whole.
Britain and World Trade: Quo Vadimus and other Economic Essays.
By A. Loveday. Pp. xxi + 229. (London, New York and Toronto: Longmans, Green and Co., Ltd., 1931.) 10s. 6d. net.
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Economics. Nature 128, 955 (1931). https://doi.org/10.1038/128955c0
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DOI: https://doi.org/10.1038/128955c0