CRISIS AND ARMAMENT ECONOMIC RELATIONS BETWEEN GREAT BRITAIN AND SERBIA 1910–1912
On the eve of the 1914-18 war, Great Powers had competed for influence in the Balkans. While preparing for the war with the Ottoman Empire the Balkan states were ready to take huge war credits and to place big orders for weapons and military equipment. Foreign Office did not show any interest in involving British capital and industry in this competition. British diplomacy even discouraged investments in Serbian military programme before 1914.