The battle of the pound : the political economy of Anglo-American relations 1964-1968
This thesis examines the nature and the extent of American economic power and influence in the 1960s in the context of the Anglo-American economic relationship. It also seeks to provide an insight into the workings of 'special relationship' between Britain and the United States in the economic realm. Finally, this examination attempts to establish the veracity of new more positive historical interpretations of the foreign policy of President Lyndon Johnson. The study argues that American economic power was not waning, as was previously suggested by some historians. It reveals that the Johnson Administration was able to use its financial assistance for sterling to extract significant concessions from the British government in its domestic economic policies. Indeed, the thesis demonstrates that the United States played a significant role in the formulation of British economic policy. The existence of transgovernmental networks between actors and agencies were instrumental in enabling the Johnson Administration to influence the policies of the British government. Moreover, this study contends that many of the most important decisions of the Labour government relating to monetary policy and the sterling exchange
Roy, Rajarshi
Economics; Foreign policy; Lyndon Johnson
The battle of the pound : the political economy of Anglo-American relations 1964-1968. This thesis examines the nature and the extent of American economic power and influence in the 1960s in the context of the Anglo-American economic relationship. It also seeks to provide an insight into the workings of 'special relationship' between Britain and the United States in the economic realm. Finally, this examination attempts to establish the veracity of new more positive historical interpretations of the foreign policy of President Lyndon Johnson. The study argues that American economic power was not waning, as was previously suggested by some historians. It reveals that the Johnson Administration was able to use its financial assistance for sterling to extract significant concessions from the British government in its domestic economic policies. Indeed, the thesis demonstrates that the United States played a significant role in the formulation of British economic policy. The existence of transgovernmental networks between actors and agencies were instrumental in enabling the Johnson Administration to influence the policies of the British government. Moreover, this study contends that many of the most important decisions of the Labour government relating to monetary policy and the sterling exchange
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