Britain's Coming Crisis.

The article focuses on the economy of Great Britain. In 1950 Great Britain's economy, crippled in World War II, seemed on the way to renewed health and vigor. Production had been raised well above the pre-war level; a large domestic reinvestment program for the modernization and expansion of industry was in full swing; the volume of exports had been lifted 60 per cent above that of 1938, making possible a modest surplus in the balance of payments. More than that, the British government believed that the economy could support the rearmament which deterioration in international relations following the Communist invasion of South Korea appeared to render a necessity.