Abstract
The distinction between external transactions and external relations is necessarily a rather fine one, and there are clearly other ways to manage the division of material. Essentially, there seemed to be advantages in assembling together most of the material which impinges upon the role of the UK as a member of the EC, and Chapter 5 is broadly given over to this topic. This means that the issues pertaining to exchange rate relationships within the EC are also contained within Chapter 5, even though the more general discussion of exchange rates appears in Chapter 4. However, it is difficult to disintangle issues concerning the EMS, the EMU and the single European market, and these are accordingly dealt with in sequence at the beginning of the chapter. Chapter 5 then goes on to examine relationships between the EC and the rest of the world, treating the UK in its capacity of EC member, and finally looks in detail at the agricultural problem which is sumultaneously an issue in terms of the UK’s relationship with the EC and also in terms of the EC’s relationship with other agricultural trading blocs.
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References
Bolongia, M. (1988) ‘Prospects for International Policy Coordination: Some Lessons From the EMS’, Federal Reserve Bank of St Louis Review (July–August).
Canberra Centre for International Economics (1988) Macroeconomic Consequences of Farm Support Policies (CIE).
National Consumer Council (1985) Consumers and the CAP (HMSO).
OECD (1985) Costs and Benefits of Protection.
OECD (1986) The World Development Report (Oxford University Press).
OECD (1988) Agricultural Policies, Markets and Trade, Monitoring and Outlook, 1988.
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© 1990 Peter Curwen
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Curwen, P. (1990). External Relations. In: Curwen, P. (eds) Understanding the UK Economy. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-20586-8_6
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DOI: https://doi.org/10.1007/978-1-349-20586-8_6
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-0-333-51105-3
Online ISBN: 978-1-349-20586-8
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