The role of Trade in British Industrialisation
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"A small country with a small population has little chance of developing without access to a wider market and wider range of resources. It is access to the world market that broke the vicious cycle for Britain." (Deane) Do you agree with this assessment of the role of Trade in British Industrialisation? The role of overseas trade in British Industrialisation is still the topic of much disagreement between economic historians. Viewpoints range from those such as Knick Harley's who argues that other sources could have taken up the role of overseas trade, to those of Hatton, Satchon and Lyles who saw an independent role for exports in initiating economic change. It is such economic change in the period examined that constitutes the 'development' outlined in the question: whether it be economic growth, structural change or increased productivity. In assessing the importance of trade as an 'engine' for development, it is...

