Download or read book Patterns of Fluctuation in International Investment Before 1914 written by Arthur Irving Bloomfield and published by . This book was released on 1968 with total page 76 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Patterns of Fluctuations in International Investment Before 1914 written by Arthur I. Bloomfield and published by . This book was released on 1968-12-01 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The History of Foreign Investment in the United States 1914 1945 written by Mira WILKINS and published by Harvard University Press. This book was released on 2009-06-30 with total page 1009 pages. Available in PDF, EPUB and Kindle. Book excerpt: Mira Wilkins, the foremost authority on foreign investment in the United States, continues her magisterial history in a work covering the critical years 1914-1945. Wilkins includes all long-term inward foreign investments, both portfolio (by individuals and institutions) and direct (by multinationals), across such enterprises as chemicals and pharmaceuticals, textiles, insurance, banks and mortgage providers, other service sector companies, and mining and oil industries. She traces the complex course of inward investments, presents the experiences of the investors, and examines the political and economic conditions, particularly the range of public policies, that affected foreign investments. She also offers valuable discussions on the intricate cross-investments of inward and outward involvements and the legal precedents that had long-term consequences on foreign investment. At the start of World War I, the United States was a debtor nation. By the end of World War II, it was a creditor nation with the strongest economy in the world. Integrating economic, business, technological, legal, and diplomatic history, this comprehensive study is essential to understanding the internationalization of the American economy, as well as broader global trends.
Download or read book The History of Foreign Investment in the United States to 1914 written by Mira Wilkins and published by Harvard University Press. This book was released on 1989 with total page 1092 pages. Available in PDF, EPUB and Kindle. Book excerpt: From the colonial era to 1914, America was a debtor nation in international accounts--owing more to foreigners than foreigners owed to us. By 1914 it was the world's largest debtor nation. Mira Wilkins provides the first complete history of foreign investment in the United States during that period. The book shows why the United States was attractive to foreign investors and traces the changing role of foreign capital in the nation's development, covering both portfolio and direct investment. The immense new wave of foreign investment in the United States today, and our return to the status of a debtor nation--once again the world's largest debtor nation--makes this strong exposition far more than just historically interesting. Wilkins reviews foreign portfolio investments in government securities (federal, state, and local) and in corporate stocks and bonds, as well as foreign direct investments in land and real estate, manufacturing plants, and even such service-sector activities as accounting, insurance, banking, and mortgage lending. She finds that between 1776 and 1875, public-sector securities (principally federal and state securities) drew in the most long-term foreign investment, whereas from 1875 to 1914 the private sector was the main attraction. The construction of the American railroad system called on vast portfolio investments from abroad; there was also sizable direct investment in mining, cattle ranching, the oil industry, the chemical industry, flour production, and breweries, as well as the production of rayon, thread, and even submarines. In addition, there were foreign stakes in making automobile and electrical and nonelectrical machinery. America became the leading industrial country of the world at the very time when it was a debtor nation in world accounts.
Download or read book The Pattern of New British Portfolio Foreign Investment 1865 1914 written by Matthew Simon and published by . This book was released on 1965 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book International Capital Flows written by Martin Feldstein and published by University of Chicago Press. This book was released on 2007-12-01 with total page 500 pages. Available in PDF, EPUB and Kindle. Book excerpt: Recent changes in technology, along with the opening up of many regions previously closed to investment, have led to explosive growth in the international movement of capital. Flows from foreign direct investment and debt and equity financing can bring countries substantial gains by augmenting local savings and by improving technology and incentives. Investing companies acquire market access, lower cost inputs, and opportunities for profitable introductions of production methods in the countries where they invest. But, as was underscored recently by the economic and financial crises in several Asian countries, capital flows can also bring risks. Although there is no simple explanation of the currency crisis in Asia, it is clear that fixed exchange rates and chronic deficits increased the likelihood of a breakdown. Similarly, during the 1970s, the United States and other industrial countries loaned OPEC surpluses to borrowers in Latin America. But when the U.S. Federal Reserve raised interest rates to control soaring inflation, the result was a widespread debt moratorium in Latin America as many countries throughout the region struggled to pay the high interest on their foreign loans. International Capital Flows contains recent work by eminent scholars and practitioners on the experience of capital flows to Latin America, Asia, and eastern Europe. These papers discuss the role of banks, equity markets, and foreign direct investment in international capital flows, and the risks that investors and others face with these transactions. By focusing on capital flows' productivity and determinants, and the policy issues they raise, this collection is a valuable resource for economists, policymakers, and financial market participants.
Download or read book Foreign Direct Investment in the World Economy written by Mr.Edward M. Graham and published by International Monetary Fund. This book was released on 1995-06-01 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt: The role of foreign direct investment (FDI) in international capital flows is examined. Theories of the determinants of FDI are surveyed, and the economic consequences of FDI for both host (recipient) and home (investor) nations are examined in light of empirical studies. Policy issues surrounding possible negotiation of a “multilateral agreement on investment” are discussed.
Download or read book Theory and Structure in International Political Economy written by Charles Lipson and published by MIT Press. This book was released on 1999 with total page 442 pages. Available in PDF, EPUB and Kindle. Book excerpt: The first of two anthologies on international political economy drawn from articles published in the journal International Organization.
Download or read book The Growth of the International Economy 1820 1960 written by A. G. Kenwood and published by SUNY Press. This book was released on 1971-01-01 with total page 326 pages. Available in PDF, EPUB and Kindle. Book excerpt: Here is an introduction to the study of the international economy as a mechanism for diffusing modern economic growth between nations. It is divided into three parts, of which the first examines the workings of the system in the years before 1914. This includes an analysis of the conditions favorable to the growth of international economic relations during the period, examines the changing character of the international flows of labor, capital and trade, and surveys contemporary commercial and international monetary policies. This first part concludes with a chapter analyzing the international economy as a mechanism for diffusing economic growth, and another chapter examining the nature of the economic trends and fluctuations associated with this phase in the growth of the international economic system. The second part gives an account of the collapse of the international economy during the interwar years, and traces the causes of collapse to changes in the structure and functioning of the system brought about by World War I and the depression of the 1930s. The final part takes the story beyond World War II. It describes the wartime and post-war efforts to reconstruct the international economic system, and examines the working of the new system in the period after 1945, bringing out both its strengths and its weaknesses.
Download or read book Managing the Global Economy written by Jonathan Michie and published by OUP Oxford. This book was released on 1995 with total page 380 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book examines current issues in the world economic order, and asks what new initiatives are necessary to ensure stability, growth and high levels of employment. In so doing the authors pose the question whether the institutions and frameworks of Bretton Woods (The IMF, The World Bank, managed exchange rates etc) are appropriate to meet the new challenges. Managing the Global Economy will be essential reading for students, analysts and policy makers wanting to get to grips with current developments in the international economy.
Download or read book Money on the Move written by Robert Solomon and published by Princeton University Press. This book was released on 1999-01-11 with total page 225 pages. Available in PDF, EPUB and Kindle. Book excerpt: The international monetary system has changed radically in the last twenty years. Capital, information, goods, and services move around the globe with unprecedented ease. Countries from the former communist bloc have joined the system. Europe is on the verge of monetary union. Financial crises in East Asia and Mexico have rocked the world economy. In this book, Robert Solomon--author of the definitive history of the monetary order between 1945 and 1981--presents the first comprehensive history of these and other aspects of this revolution in international finance. Authoritative, accessible, and elegantly written, the book will be indispensable for anyone who wishes to understand how today's international monetary system works. Solomon begins with the spectacular rise and subsequent decline of the foreign exchange value of the U.S. dollar in the 1980s. He covers the debt crisis of developing countries in the 1980s. He explores the shift from central planning to market economies in many countries in the 1990s and explains the origins, implications, and problems of the move to a single European currency. Solomon examines in detail the striking increase in the mobility of capital--paying particular attention to the costs and benefits for developing countries, and to the role of capital mobility in the Mexican crisis of 1994 and the Asian crisis that began in 1997. In the book's final chapter, Solomon provides an overview of the international monetary system and considers how it might evolve in the future. In this section, he focuses on the key subjects of balance-of-payments adjustments, supply of reserves, and stability. He also evaluates a variety of much-debated policy instruments, including inflation targeting, currency boards, target zones for exchange rates, free-floating exchange rates, the Tobin tax, macroeconomic policy coordination, and special drawings rights. Throughout, Solomon relates developments in the international monetary system to macroeconomic conditions in the countries involved--arguing that it is impossible to understand one without understanding the other. As a clear, thorough, and unusually perceptive account of global finance and monetary economics in the late twentieth century, Money on the Move will be vital reading for economists, policymakers, and general readers.
Download or read book Migration and Urban Development written by Brinley Thomas and published by Routledge. This book was released on 2012-12-06 with total page 280 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book provides a fascinating insight into the development of the nineteenth century Atlantic economy and the nature of contemporary migration. In particular the author argues that the assumption that the United States economy was the unmoved mover in the fluctuations of the international economy between 1860 and 1913 is incorrect. He presents evidence on regional housebuilding cycles in nineteenth-century Britain and shows that the British cycle was inverse to the American, and that both were primarily determined by demographic factors. From the mid-nineteenth century, Professor Thomas concludes, the countries of new settlement - America, Canada, Argentina and Australia - experienced long swings in urban development opposite in timing to those in Britain, the principal suppliers of funds. The result was a converse pattern of capital formation and export upsurges in Britain and her overseas borrowers. This book was first published in 1972.
Download or read book Latin America Economic Imperialism and the State written by Christopher Abel and published by Bloomsbury Publishing. This book was released on 2015-11-19 with total page 562 pages. Available in PDF, EPUB and Kindle. Book excerpt: Lewis and Able examine the economic relationship between Latin America and the 'advanced' countries since their independence from Spanish and Portuguese rule. They reinterpret the significance of Latin America's external connections through juxtaposing Latin America and the British scholars from different ideological and intellectual backgrounds. This work is of considerable importance in promoting comparative work in development studies of Latin America and the Third World.
Download or read book Balance of Payments written by Robert Stern and published by Routledge. This book was released on 2017-07-28 with total page 579 pages. Available in PDF, EPUB and Kindle. Book excerpt: An original and systematic synthesis of the major postwar developments in theory and policy of balance-of-payments adjustment, this book focuses on the present-day system of pegged-but-adjustable exchange rates and the problems that policy authorities must face if they are to attain full employment, price stability, balance-of-payments equilibrium, and a satisfactory rate of economic growth. The dominate theme of this book is that any system of exchange rates carries with it assumptions about the way it works and how effective the automatic and policy-motivated forces operate to bring about equilibrium in a country's balance of payments. By analyzing balance-of-payments adjustment and policies under alternative exchange-rate systems, and with different assumptions concerning the level of employment and prices, it is possible to embrace a wide variety of contemporary and historical circumstances experienced by individual countries and the world as a whole. In this way the author assesses the economic consequences of the different exchange-rate systems and of the policies that countries may follow to attain their national objectives. In particular it appears to Professor Stern that the international monetary turmoil of the past ten years can be traced to the exchange-rate inflexibilities of the adjustable-peg system and to the creation of excessive reserves under the dollar standard. He demonstrates that the international monetary system must be redesigned to permit greater exchange-rate inflexibility and control over the creation of new international reserve assets.
Download or read book Monetary Regimes in Transition written by Michael D. Bordo and published by Cambridge University Press. This book was released on 2006-11-02 with total page 413 pages. Available in PDF, EPUB and Kindle. Book excerpt: This important contribution to comparative economic history examines different countries' experiences with different monetary regimes. The contributors lay particular emphasis on how the regimes fared when placed under stress such as wars and or other changes in the economic environment. Covering the experience of ten countries over the period 1700SH1990, the book employs the latest techniques of economic analysis in order to understand why particular monetary regimes and policies succeeded or failed.
Download or read book Gold Standard In Theory History written by Marc Flandreau and published by Routledge. This book was released on 2005-08-18 with total page 252 pages. Available in PDF, EPUB and Kindle. Book excerpt: Since the first edition, published in 1985, much new research has been completed. This updated version includes five new essays, including a new introduction by Eichengreen and a discussion of the gold standard and the EU monetary debate.
Download or read book European Monetary Union written by M. Panic and published by Springer. This book was released on 1993-06-18 with total page 182 pages. Available in PDF, EPUB and Kindle. Book excerpt: Provides an analysis of the classical gold standard (1880-1914) - the nearest historical equivalent to what EC countries are attempting to do - in order to examine critically these and other issues raised in the debate. Problems are highlighted that need to be solved before EMU becomes viable.
