Privatization and the economic performance of Irish Sugar/Greencore

As one of Ireland’s largest agribusiness companies, the Irish Sugar company played a key role in the country’s economic development in the twentieth century. The company was privatized in 1991 (under the new name Greencore) and has since transformed from a largely commodity-based agribusiness into an international convenience food company. This article analyses the financial and economic performance of the company in the 10 years before and after privatization. It finds that the change from public to private ownership was not strongly associated with improved financial performance and productivity as the company had experienced rapid growth and improvement in the pre-privatization period. These findings run counter to perspectives such as public choice theory that suggest a positive relationship between privatization and company performance. Performance in the post-privatization period was strongly influenced by greater exposure to market forces in the company’s expanding food division; however, it is surprising that this greater competition did not translate into improved overall performance.     

Rodney Hilton (1916–2002): In Memoriam

This essay is written in memory of Rodney Hilton (1916–2002), who died on 7 June 2002. He was one of the towering historians of medieval England. Along with the Russian scholar, E. A. Kosminsky, of a previous generation of historians, he provided a formidable Marxist treatment of English feudalism, at once empirically rich, through extensive archival research, and theoretically informed. His work, while displaying a particular vision of the nature of feudal society, and embracing certain recurring themes, is broad in its scope and varied in the issues it covers. The essay is offered as a tribute to the particular tradition of Marxist historical scholarship represented by him, and which he did so much to foster. A brief account of his career and writing is given. There is, in the present issue, a companion essay in which his views on peasant differentiation and the transition to capitalism in England are considered at length.     

India’s contribution to the British balance of payments, 1757-1812

The East India Company’s “regulated” trade monopoly more effectively served Britain’s national interest during the French wars than might be inferred from contemporary complaints and recent scholarship. The Board of Control’s assessment of India’s importance to the British balance of payments in the 1780s was well informed and was borne out by subsequent developments. British net inflows from India remained substantial through 1765-1812 and were arguably least dispensable. British trade with Asia most frequently outgrew the worldwide totals and retained some of the acquired gains to the end of the period. The real constraints faced by private traders should be weighed against the external economies and scale advantages rendered by the East India Company to a wider range of British interests.     

Planning for Africa: The British Labour Party's Colonial Development Policy, 1920–1964

The article examines the formation of the British Labour Party's colonial policy towards Africa. It traces how the early Radical Liberal critique of colonial rule gave way to the influence of Fabianism, which provided the guidelines to the Labour government's post-war development measures. These sought to incorporate Africans into institutions which would simultaneously provide more productive labour and consolidate colonial rule. The development of the African colonies was believed to reside in restructuring the interface between the state and society. A challenge to the Party's Fabian-inspired colonial policy emerged in the 1950s. In the midst of the ideological struggle between the party's left and right wings, arguments questioning the African colonies' economic subordination to metropolitan interests briefly entered into policy debates.     

Food choice,nutrition education and parental influence on British and Korean primary school children

The nutritional status of children can influence their health and the risk factors for developing chronic diseases later in life. Korea is unique in that it is relatively westernized and yet maintains much of the traditional foods and cooking methods. Effective nutrition education should help children to choose a healthy diet through the establishment of positive dietary practices and habits. The main purpose of this research is to compare awareness towards nutrition education between primary schools in the UK and Korea and nutritional knowledge that children and parents have in these countries. Dietary and healthy eating knowledge data were collected by a questionnaire as part of a case study comparison using one primary school in Manchester, UK, and one in Seoul, Korea. A total of 171 primary school children and 124 parents of the children were recruited. The results indicated that children and parents appeared to be aware of the importance of limiting fat, sodium and sugar intakes, and requiring non‐starch polysaccharide (NSP). However, in the case of some foods they did not have satisfactory nutritional knowledge of which foods were high in fat, salt, sugar and NSP. British children had a better understanding of the health implication of fat than Korean children, whereas more Korean children considered excessive salt intake harmful than British children. There seemed to be differences in dietary pattern and familiarity with food between the two countries. Children identified parents as the main source of nutritional information. Therefore, parents as well as children need to learn about nutrition in order to give appropriate information or advice to improve the diets of their children. Children preferred exciting, fun, positive and a practical approach to learning about nutrition, such as computer packages and cookery classes. Parents wanted schools to give their children more information about nutrition. This research has shown that nutrition education in schools should be concerned not only to provide nutritional knowledge but also to encourage children to choose healthy food by redesigning nutrition education and school meals.     

英美城市更新之国内学者研究综述

对近年来国内城市研究界关于二战后英美两国城市更新的研究做一综述,分四个方向进行了探讨,即对城市更新的概念及具体操作方式的研究;对城市更新发展历程的综述性研究;对城市更新机制和组织形式的研究;对一种独特的城市更新现象--"城市绅士化"的研究.最后对这些研究进行了总体评价,认为研究者的学科背景呈现一定程度的多元化;在研究的阶段和内容上初步呈现深层次、多维度的研究态势;研究路径表现出城市规划研究与城市设计研究的分异趋势;研究中的一个薄弱点是城市更新中规划师的立场与角色定位.     

Public or Private Orientation of Pension Systems in the Light of the Recent Financial Crisis

This paper studies the appropriateness of a public or private orientation of pension systems in the light of the recent financial crisis, which has underscored the difficulties and contradictions associated with each system. The different institutional arrangements, in which public or private pension systems are embedded, are key components when assessing their responses to the crisis. Particularly, private pension systems are intertwined with financial markets, while social insurance-based pension systems are linked to the labour market mechanisms. This paper compares the British and French pension systems, as “archetypes” of private-oriented and public-oriented systems, respectively, the first relying on the market and private pension schemes, and the second on mandatory social insurance. This paper shows that the crisis has upheld the founding principles of the public (French) and private (British) pension systems to maintain the existing institutional configurations. At the same time, both systems have strengthened the role played by means-tested benefits and minimum pensions for low-income groups to offset the weaknesses of one or the other system, as emphasised by the crisis.     

英属印度时期孟加拉地区盐专卖的启示

英国殖民印度时期曾在孟加拉地区实行严苛的食盐专卖政策，尽管“盐价高企、税负沉重”的同时“盐质低劣、私盐泛滥”，加剧了底层贫困人口的生活负担，但同时也使得盐税收入成为除土地收入外最大的财政来源。尽管食盐专卖增加了生活成本，并且滋生利益集团。阻碍产业发展，但同时盐专卖作为一种财政制度具有来源稳定、汲取效率高、易于管理的特征。因此专卖制度本身还是一个值得研究的问题，也将为我国目前的食盐专营改革带来启示。     

CLIOMETRICS AND TIME SERIES ECONOMETRICS: SOME THEORY AND APPLICATIONS

Abstract The paper discusses a range of modern time series methods that have become popular in the past 20 years and considers their usefulness for cliometrics research both in theory and via a range of applications. Issues such as, spurious regression, unit roots, cointegration, persistence, causality, structural time series methods, including time varying parameter models, are introduced as are the estimation and testing implications that they involve. Applications include a discussion of the timing and potential causes of the British Industrial Revolution, income ‘convergence’ and the long‐run behaviour of English real wages 1264–1913. Finally some new and potentially useful developments are discussed including the mildly explosive processes; graphical modelling and long memory.     

Engels’ pause: Technical change, capital accumulation, and inequality in the british industrial revolution

The paper reviews the macroeconomic data describing the British economy from 1760 to 1913 and shows that it passed through a two stage evolution of inequality. In the first half of the 19th century, the real wage stagnated while output per worker expanded. The profit rate doubled and the share of profits in national income expanded at the expense of labour and land. After the middle of the 19th century, real wages began to grow in line with productivity, and the profit rate and factor shares stabilized. An integrated model of growth and distribution is developed to explain these trends. The model includes an aggregate production function that explains the distribution of income, while a savings function in which savings depended on property income governs accumulation. Simulations with the model show that technical progress was the prime mover behind the industrial revolution. Capital accumulation was a necessary complement. The surge in inequality was intrinsic to the growth process: technical change increased the demand for capital and raised the profit rate and capital’s share. The rise in profits, in turn, sustained the industrial revolution by financing the necessary capital accumulation. After the middle of the 19th century, accumulation had caught up with the requirements of technology and wages rose in line with productivity.