The effect of a subsonic toroidal flow on the linear magnetohydrodynamic stability of a tokamak plasma surrounded by an external resistive wall is studied. A complex non-self-adjoint eigenvalue problem for the stability of general kink and tearing modes is formulated, solved numerically, and applied to high β tokamaks. Results indicate that toroidal plasma flow, in conjunction with dissipation in the plasma, can open a window of stability for the position of the external wall. In this window, stable plasma beta values can significantly exceed those predicted by the Troyon scaling law with no wall. Computations utilizing experimental data indicate good agreement with observations.