Europes Advantage: Banks and Small Firms in Britain, France, Germany, and Italy since 1918 by Francesca Carnevali

Europes Advantage: Banks and Small Firms in Britain, France, Germany, and Italy since 1918

byFrancesca Carnevali

Hardcover | August 25, 2005

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This is the first book to explore the causes of the decline of British manufacturing in the 20th century by focusing on the troubled relationship between banks and small firms in a comparative historical perspective. Since the mid-1970s, the 'rediscovery' of small firms and of the important role they have played in the economies of continental Europe have occupied a substantial part of the literature on the sources of economic competitiveness. In Britain, the relationship between banks and industry has been theobject of intense speculation since before the First World War. Since then banks have been accused by the business community, academics and politicians of neglecting industrial finance and by doing so of reducing the competitiveness of British firms. By comparing the rise of small firms in France, Germany and Italy and their decline in Britain this book analyses how the structure of these countries' banking systems has affected small firms' growth. This analysis is placed in the historical context of the political economy of these fourcountries, to show how banking and industrial structures developed over the century as a consequence of the state's need to mediate between different social and economic groups. This approach allows the author to show why British banking came to be so concentrated and the negative impact that thishad on the supply of finance to small firms. The experiences of France, Germany and Italy show alternative structures and policy responses towards small firms.

About The Author

Francesca Carnevali is Lecturer in Economic History at the University of Birmingham. She is author of a number of journal articles on small firms and British and European banking.
20th Century Britain: Economic, Cultural and Social Change
20th Century Britain: Economic, Cultural and Social Change

by Francesca Carnevali

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Details & Specs

Title:Europes Advantage: Banks and Small Firms in Britain, France, Germany, and Italy since 1918Format:HardcoverDimensions:240 pages, 9.21 × 6.14 × 0.75 inPublished:August 25, 2005Publisher:Oxford University PressLanguage:English

The following ISBNs are associated with this title:

ISBN - 10:0199257396

ISBN - 13:9780199257393

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