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The Evolution and Development of Anglo-American Economic Relations

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DOI: 10.25236/icfmhss.2024.094

Author(s)

Fan Zhirui

Corresponding Author

Fan Zhirui

Abstract

After the end of World War II, the economic relationship between United States and United Kingdom changed from a second economy to a first economy. United States was the result of United Kingdom colonial expansion and was an important economic partner for United Kingdom. However, with the support of United Kingdom and France, United States inherited the industrial technology of the United Kingdom and obtained continuous funding, and gradually became a leader in the world economy. Therefore, the relationship between United States and United Kingdom is one of cooperation and confrontation. In terms of economy and technology, United States has continuously deepened its own structure, gradually occupied the world market of LinkedIn countries, and become the world economic hegemon after United Kingdom. The change in the economic status of United States and United Kingdom took place mainly in 1956. Due to the emergence of the economic crisis, United States has relied on its own technological advantages to harvest the global economy and become a major technology exporter of United Kingdom. Therefore, the relationship between United States and United Kingdom is a win-win and competitive situation, mainly due to technological innovation and monopoly. Therefore, the study of the economic relationship between Britain and the United States is of great guiding significance for China's economic development and the transformation of its global economic status.

Keywords

economic relations, evolution, development