From World City to Pariah City? Liverpool and the Global Economy, 1850–20001
From World City to Pariah City? Liverpool and the Global Economy, 1850–20001
This chapter discusses the decline of Liverpool from ‘world city’ to ‘pariah city’ during the course of the twentieth century. It begins with a brief discussion of the similarities between the development of the global economy in the period 1870–1914 and more recent patterns of globalisation. It then discusses the role of the merchant class in the growth of the colonial system and governance of Liverpool. Finally, the chapter examines the economic decline of Liverpool, arguing that its central role in the colonial economic system underpinned its development as a key node in the nineteenth-century global economy.
Keywords: Liverpool, world city, pariah city, globalisation, merchant class, economic decline, colonial economic system
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