Cyclical Movements in the Balance of Payments by Tse Chun Chang - 9781107615229

Cyclical Movements in the Balance of PaymentsAuthor(s): Tse Chun Chang\nFormat: Paperback\nPublisher: Cambridge University Press, United Kingdom\nImprint: Cambridge University Press\nISBN-13: 9781107615229, 978-1107615229\nSynopsis\nThis 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 [tel], 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.