Cyclical Movements in the Balance of Payments [Paperback]

This is a 1951 statistical survey of the balance of payments data of different types of country in the period 192438.This is a 1951 statistical survey of the balance of payments data of different types of country in the period 192438, to show the pattern of cyclical behaviour particular to each type of country, and to suggest a possible explanation for the general nature of the equilibrating process in the balance of payments.This is a 1951 statistical survey of the balance of payments data of different types of country in the period 192438, to show the pattern of cyclical behaviour particular to each type of country, and to suggest a possible explanation for the general nature of the equilibrating process in the balance of payments.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 192438, 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.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 paymentsl3Y