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5 of 7 people found the following review helpful:
5.0 out of 5 stars
Another View of British Imperialism,
By Anatole Browde (Saint Louis, Missouri) - See all my reviews
This review is from: British Imperialism: Innovation and Expansion 1688-1914 (Paperback)
Cain and Hopkins advance a new theory of British imperialism that highlights the service sector of the late 19th century economy, i.e. banking, shipping and insurance. They point out correctly that a negative balance of payments due to dwindling British exports was more than neutralized by service income. Their characterization of the gentlemanly order, uncontaminated by trade and manufacturing is right on the mark and explains the decline of British manufacturing in the pre World War I period. I would argue however that this was only one facet of imperialism and was overshadowed by the British need to protect its routes to India and China market stature. Their coverage of the role of the colonies of settlement is however particularly good and make this a valuable book for anyone studying the pre-WWI scramble for Africa or British business history.
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British Imperialism: Innovation and Expansion 1688-1914 by P. J. Cain (Hardcover - Aug. 1993)
Used & New from: $73.82
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