Showing the White Flag: The Lancashire Cotton Industry, 1945-70

Business History, Vol. 32, No. 4, pp. 129-149, 1990

INTERNATIONAL COMPETITION AND STRATEGIC RESPONSE IN THE TEXTILE INDUSTRIES SINCE 1870, M.B. Rose, ed., Frank Cass, 1991

INDUSTRIAL REGIONS IN TRANSFORMATION: HISTORICAL ROOTS AND PATTERNS OF REGIONAL STRUCTURAL CHANGE, R. Schulze,, ed., Klartext, 1993

Posted: 18 Dec 2009

See all articles by John Singleton

John Singleton

Victoria University of Wellington - School of Economics & Finance

Date Written: 1990

Abstract

In this paper I suggest that, in the period from 1945 to 1965, the owners and mangers of the British cotton industry had little confidence in their ability to meet the challenge of overseas competition, without the assistance of a substantial measure of protection for domestic and colonial markets. Consequently, the industry’s failure to modernise its fixed capital stock and to reform its working practises could be seen as the product, not of managerial slackness, but of a judicious assessment of the long term state of demand.

Keywords: Cotton, Lancashire, Industry failure, Fixed capital stock, Long term demand

JEL Classification: N64, N54, J08

Suggested Citation

Singleton, John, Showing the White Flag: The Lancashire Cotton Industry, 1945-70 (1990). Business History, Vol. 32, No. 4, pp. 129-149, 1990, INTERNATIONAL COMPETITION AND STRATEGIC RESPONSE IN THE TEXTILE INDUSTRIES SINCE 1870, M.B. Rose, ed., Frank Cass, 1991 , INDUSTRIAL REGIONS IN TRANSFORMATION: HISTORICAL ROOTS AND PATTERNS OF REGIONAL STRUCTURAL CHANGE, R. Schulze,, ed., Klartext, 1993 , Available at SSRN: https://ssrn.com/abstract=1524020

John Singleton (Contact Author)

Victoria University of Wellington - School of Economics & Finance ( email )

P.O. Box 600
Wellington 6140
New Zealand

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