Introduction: One hundred all out



In the hundred years from 1914 to 2014, the century since the outbreak of the First World War, the United Kingdom will have declined from pre-eminent global superpower to developing country, or ‘emerging market’, part of the Global South. The symptoms of this vertiginous plunge in the world’s rankings are already starkly apparent: a chronic balance of payments deficit, a looming shortage of energy and food, a dysfunctional labour market, volatility in economic growth and a painful vulnerability to external events.


International Monetary Fund Great Recession United Nations Security Council Asset Allocation Strategy House Price Bubble 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.


Unable to display preview. Download preview PDF.

Unable to display preview. Download preview PDF.


  1. Mike Brewer, James Browne and Robert Joyce, ‘Universal Credit not enough to prevent a decade of rising poverty’, press release, Institute for Fiscal Studies, October 2011, available at: (accessed 16 April 2012).Google Scholar

Copyright information

© Larry Elliott and Dan Atkinson 2012

Authors and Affiliations

There are no affiliations available

Personalised recommendations