How Beatles saved UK from its foreign exchange crisis in 1960s..(Some lessons for India too…)

Mostly Economics

A superb article in IMF’s F&D Sep-14 edition by Simon Wilson.

He points how Beatles helped UK tide off its forex crisis for some years in 1960s. Via its concerts it got foreign exchange to UK. It also became a case for live music being exported and recognised as a BOP earning perhaps for the first time:

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