... during the political consensus), by decreasing government spending by 7%, it also led to the liberalisation of the economy. Callaghan's famous speech to the 1976 Labour party conference admitted that governments could not continue spending their way into full employment. Although his attempt to limit public spending and adopting money supply targets failed at successfully curbing high inflation rates, politicians ... as "revolutionary"." Furthermore, the industrial public sector (that was mostly nationalised after the First World War) was clearly ruining Britain because of the dangerous ...

• Word Count: 1201
• Approx Pages: 5
• Grade Level: Undergraduate

... from legislation that is deemed unfair or against the traditions of the British constitution. The second article has to do with the economy during the past and present times of Great Britain. Comparison between the present process of globalization and the international political economy created by Great Britain in the late 19th century sheds light on the relationship between states and markets and between ... by the forces of the free world market. On the contrary, the organization of relations between states in the post-cold war era provides it with the means to assert its sovereignty,...

• Word Count: 4029
• Approx Pages: 16
• Grade Level: Undergraduate