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Full Description
This book was first published in 1951. It is a statistical survey of the balance of payments data of different types of country in the period 1924-38, to show the pattern of cyclical behaviour particular to each type of country, and to suggest, in the light of the Keynesian theory of employment, a possible explanation for the general nature of the equilibrating process in the balance of payments. Five types of country are classified, and a representative country taken for each class: highly industrialised and deficient (Great Britain); highly industrialised and self-sufficient (USA); less industrialised (Sweden); purely agricultural (Australia); mining (Chile). In addition, the Canadian balance of payments is studied because of its peculiar features.
Contents
Preface; Part I. Some International Comparisons: 1. Equilibrium in the balance of payments; 2. International comparison of demand for imports; 3. World demand for exports; 4. World demand for exports (cont.); 5. Fluctuations in exports and national income; Part II. The British Balance of Payments: 6. The British demand for imports in the inter-war period; 7. The British balance of payments; Part III. The Balance of Payments in Different Types of Country: 8. The American balance of payments; 9. The Swedish balance of payments; 10. The Australian balance of payments; 11. The Chilean balance of payments; 12. The Canadian balance of payments; Conclusion; Index.
