A provocative look at how & why Britain has fallen into decline from being a superpower in 1914 to being a third world economy in 2014 by two of Britains leading Economists journalists With a second recession looming Britain is facing a moment of truth. Going South examines how the leader of the Industrial Revolution came to exhibit the features of a developing country." The symptoms of this vertiginous plunge in the worlds rankings are already starkly apparent: a chronic balance of payment deficit a looming shortage of energy & food a dysfunctional labor market volatility in economic growth & a painful vulnerability to external events. & if these are the big indicators of imminent relegation to the Third World many smaller ones are too numerous to fully catalogue. So stark is the evidence that it is our contention that Britains looming relegation is not in doubt. The names change with intellectual fashion--the developing world the Third World less-developed countries "emerging markets " or simply the Global South. But the destination is the same. Britain is going south--rapidly. Assuming that Britain faces up to its plight there is no easy model for the redevelopment of the national economy. Whichever path is taken will be a hard one. The age of the quick fixes is over."