Sujet Anglais LV2 CCIP 2011 Expression écrite

Sujet Anglais LV2 CCIP 2011 Expression écrite

In the United States, the scent of decline is in the air. Imperial overreach, political polarization, and a costly financial crisis are weighing on the economy. Some pundits now worry that America is about to succumb to the « British disease. »

Doomed to slow growth, the US of today, like the exhausted Britain that emerged from World War II, will be forced to curtail its international commitments. This will create space for rising powers like China, but it will also expose the world to a period of heightened geopolitical uncertainty.

In thinking about these prospects, it is important to understand the nature of the British disease. It was not simply that America and Germany grew faster than Britain after 1870. After all, it is entirely natural for late-developing countries to grow rapidly, as is true of China today. The problem was Britain’s failure in the late nineteenth century to take its economy to the next level.
[…]
Is America doomed to the same fate? Answering this question requires understanding the reasons behind Britain’s lack of technological progressiveness. One popular explanation is a culture that denigrated industry and entrepreneurship. Over the long course of British modernization, the industrial classes were absorbed into the establishment. From the mid nineteenth century, the best minds went into politics, not business. Enterprise managers promoted from the shop floor were, it is said, second rate.

Now we supposedly see a similar problem in the US. In the words of David Brooks of The New York Times: « After decades of affluence, the US has drifted away from the hard-headed practical mentality that built the nation’s wealth in the first place…. America’s brightest minds have been abandoning industry and technical enterprise in favor of more prestigious but less productive fields like law, finance, consulting, and non-profit activism. »

In fact, this supposed explanation for British decline has not stood the test of time. There is no systematic evidence that British managers were inferior. Indeed, expanding the pool of potential managers beyond the children of a firm’s founders had precisely the opposite effect. It allowed the cream to rise to the top.

In today’s America, too, it is hard to find evidence of this purported problem. Silicon Valley companies do not complain of a dearth of talented managers. There is no shortage of new MBAs establishing start-ups or even going to work for auto companies.

A second popular explanation for British decline focuses on the educational System. Oxford and Cambridge, established long before the industrial era, produced eminent philosophers and historians, but too few scientists and engineers. It is difficult, however, to see how this argument applies to the US, whose universities remain world leaders, attracting graduate students in science and engineering from around the world – many of whom remain in the country.
Still others explain British decline as a function of the financial System. British banks, having grown up in the early nineteenth century, when industry’s capital needs were modest, specialized in financing foreign trade rather than domestic investment, thereby starving industry of the capital needed to grow.

In fact, actual evidence of any such British bias in favor of foreign over domestic investment is weak. And, in any case, that history, too, is irrelevant to the US today, which is on the receiving, not the sending, end of foreign investment.

A final explanation for Britain’s failure to keep up makes economy policy the culprit. Britain failed to put in place an effective competition policy. In response to the collapse of demand in 1929, it erected high tariff walls. Sheltered from foreign competition, industry grew fat and lazy. After WWII, repeated shifts between Labour and Conservative governments led to stop-go policies that heightened uncertainty and created chronic financial problems.

Herein lies the most convincing explanation for British decline. The country failed to develop a coherent policy response to the financial crisis of the 1930’s. Its political parties, rather than working together to address pressing economy problems, remained at each other’s throats. The country turned inward. Its politics grew fractious, its policies erratic, and its finances increasingly unstable.

In short, Britain’s was a political, not an economic, failure. And that history, unfortunately, is all too pertinent to America’s fate.

Barry EICHENGREEN

Project Syndicates, September 9, 2010.

Répondre en ANGLAIS aux questions suivantes :
(environ 200 mots pour chaque réponse)

1. According to the journalist, why is Britain’s failure political, not economic? Answer the question in your own words.

2. To what extent would you say that America is on the decline today? Justify your answer with relevant examples.