Canada in the World Economy
By:John A. Stovel
Published on 1959-01 by Harvard University Press
In his study of Canada, John A. Stovel examines the changes in that countryâe(tm)s balance of payments and balance of trade from confederation to the present day, including as part of his examination historical, statistical, and theoretical points of view. The author also reexamines criticallyâe|and finds himself in sharp disagreement withâe|Jacob Vinerâe(tm)s classic in the field, Canadaâe(tm)s Balance of International Indebtedness, 1900-1913, which has long been considered the definitive analysis of the subject. Developing in Part I an eclectic theory of international balance of payments, and in Part II concentrating on the Canadian balance of trade and balance of payments in relation to economic developments preceding World War I, Stovel carefully prepares the foundation for a critique of Vinerâe(tm)s analysis of the period 1900-1913. Discussing the inadequacy of the Mill-Taussig theory and its empirical verification, and observing the extent to which the newer theoretical developments have afforded increased understanding, Stovel criticizes Vinerâe(tm)s statistics and the use to which they were put. He delineates with telling clarity the mutual interaction of many elements in cyclical growth development, as opposed to the oversimplified and inadequate causal links of the earlier theory. In addition to the wealth of analysis of the earlier period, the author investigates the interwar period, with the postwar boom and the depression of the thirties, presenting a careful analysis of the structural changes in the balance of payments during this period as well as indicating the change in Canadaâe(tm)s relation to the United States and Great Britain. The concluding section of the book deals with the period following World War II, and the author indicates the possible lessons to be learned from Canadaâe(tm)s experiences and the improvements in government policy that have taken place, especially with respect to exchange rates.
This Book was ranked at 38 by Google Books for keyword the world economy.
Book ID of Canada in the World Economy's Books is JGIak8ZO3LoC, Book which was written byJohn A. Stovelhave ETAG "+87sJYL8sTA"
Book which was published by Harvard University Press since 1959-01 have ISBNs, ISBN 13 Code is 9780674092501 and ISBN 10 Code is 0674092503
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