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RESEARCH PAPER NO. 889
COMPLACENT
OR COMPETITIVE? BRITISH EXPORTERS AND THE
DRIFT TO EMPIRE
BY
GARY
B. MAGEE & ANDREW S. THOMPSON
NOVEMBER 2003
Department of Economics. University of Melbourne.
Melbourne Victoria 3010 Australia
The belief that Britain's
empire markets were soft is well entrenched in the literature. It is, however,
a belief that has been largely untested. Indeed, the literature does not even
offer an explicit definition of softness. This paper attempts to fill this gap
by discussing the meaning of the term and, then, posing the question whether
between 1870 and 1914 Britain's fastest growing markets - Australasia and
Canada - can in fact be reasonably labelled soft, as has often been assumed.
The paper concludes that the demand for British imports in these markets were
driven more by income and price considerations than by colonial sentiment or
preference.
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