Answer:
(i) Post war
economic recovery proved difficult. Britain, which was the world's leading
economy in the pre-war period, in particular faced a prolonged crisis.
(ii) While Britain
was pre occupied with war, industries had developed in India and Japan.
(iii) After
the war Britain found it difficult to recapture its earlier position of
dominance in the Indian market, and to compete with Japan internationally.
(iv) To
finance war expenditures Britain had borrowed liberally from the US.
This meant that at
the end of the war Britain was burdened with huge external debts.
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