The British Labour Government and the 1976 Imf Crisis

by Mark D. Harmon

Examines the external pressures placed on British economic policymakers that culminated in the 1976 UK-IMF crisis. The author reviews the postwar development of IMF loan conditionality with respect to the UK, as well as the changing emphases that were attached to the provision of official balance of payments financing during the mid-1970s. Through this case study, the author argues for a need for greater emphasis on and awareness of the coercive and constraining nature of "international cooperation". Annotation c. by Book News, Inc., Portland, Or.

272 pages, Hardcover

First published November 1, 1997