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SUMMARY:Not Maggie's fault? The Thatcher government and the reemergence of
  global finance - Dr Daisuke Ikemoto\, Meijigakuin University and Darwin C
 ollege
DTSTART:20180226T170000Z
DTEND:20180226T183000Z
UID:TALK74831@talks.cam.ac.uk
CONTACT:Dr Duncan Needham
DESCRIPTION:The two decades following the collapse of the Bretton Woods re
 gime witnessed a sea change in the architecture of international finance. 
 The abolition of capital control\, by boosting a flow of international cap
 ital across the frontier\, prompted de-regulation of the financial sector 
 throughout the developed countries and the re-emergence of global finance.
  This paper examines the political and economic backgrounds to two key dec
 isions made by the Thatcher government\, and their consequences: the aboli
 tion of all exchange controls in 1979\, and the decision not to introduce 
 restrictions on capital inflow to the UK. These two decisions helped the C
 ity of London to restore the status of the international financial centre 
 but left the manufacturing sector in a dire predicament. My analysis shows
  that all of this happened even though Margaret Thatcher cared about the f
 ate of the manufacturing sector more than previously thought. It seems tha
 t her influence on economic-policy making was limited\, at least during he
 r first term.
LOCATION:Darwin College (Seminar Room\, No. 1 Newnham Terrace - entrance v
 ia Porters Lodge on Silver St)
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