Capital Transfers and Economic Policy: Canada, 1951-1962

Capital Transfers and Economic Policy: Canada, 1951-1962

Author: Richard E. Caves

Publisher: Harvard University Press

Published: 1971

Total Pages: 460

ISBN-13: 9780674094857

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Between 1951 and 1962 nearly ten billion dollars in long-term capital (both direct investment and purchase of securities) flowed into Canada. This massive amount represented one third of all long-term capital moving among industrial nations. Its transfer marked the first time since before World War I that the world witnessed such a large-scale international movement of capital motivated primarily by a prospect of higher rates of return. In Capital Transfers and Economic Policy the authors test the theory of the causes and effects of international capital movements against the evidence drawn from Canada's experience. They explore Canada's adjustment to capital flows and show how the operation of her economic policy is affected by the sensitivity of capital flows to the country's interest rates and foreign-exchange rate. Their brilliant analysis is particularly valuable in light of current trends in capital flows among industrial nations and the June 1970 return of the Canadian dollar to a flexible exchange rate, which put the economy in a working situation similar to that of the fifties.


International Trade and Finance

International Trade and Finance

Author: Peter B. Kenen

Publisher: Cambridge University Press

Published: 2008-07-10

Total Pages: 561

ISBN-13: 0521068746

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The nine papers in this volume were written for a conference on research in international trade and finance held at Princeton University in March 1973. Each author was asked to survey research on one major topic, with a view to answering three questions: What have we learned from recent empirical research? What are the major gaps in present knowledge? How should we go about filling those gaps? When answering the second question, authors were urged to look at the practical requirements of those who must make policy concerning the international economy, and at the opportunities and insights offered by recent developments in pure theory. When answering the third, they were urged to look at developments in econometric technique, newly available data, and work in progress in related fields.


Essays in Economic History

Essays in Economic History

Author: Lawrence H. Officer

Publisher: Springer Nature

Published: 2022-10-05

Total Pages: 544

ISBN-13: 3030959252

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This book is the culmination of and a collection of distinguished scholar Lawrence Officer’s principal research over 50 years of scholarly activity. The collection consists primarily of three topics on which the author has spent the major part of his research: purchasing power parity, standard of living, and monetary standards. There is also a unique chapter on economics and economic history in science fiction. This volume is ideal for academics, graduate and undergraduate students, and practitioners.


Trade, Stability, and Macroeconomics

Trade, Stability, and Macroeconomics

Author: George Horwich

Publisher: Academic Press

Published: 2014-05-10

Total Pages: 577

ISBN-13: 1483267482

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Trade, Stability, and Macroeconomics: Essays in Honor of Lloyd A. Metzler provides information pertinent to the fundamental aspects of trade, stability, and macroeconomics. This book covers a variety of topics, including nontraded and intermediate commodities, prices, production, exchange rates, and wages. Organized into five parts encompassing 22 chapters, this book begins with an overview of the theory of international trade and the effect of a tariff or export tax on domestic prices. This text then defines the supply of the international commodities as a function of their prices and of the output of the domestic commodity. Other chapters consider the Stolper–Samuelson analysis of the effects of protection of the distribution of income. This book discusses as well the theory of external–internal balance or the assignment problem as related to macroeconomic policy in an open economy. The final chapter deals with the dynamic allocation of scarce resources. This book is a valuable resource for economists.


Closing Sysco

Closing Sysco

Author: Lachlan MacKinnon

Publisher: University of Toronto Press

Published: 2020-02-24

Total Pages: 305

ISBN-13: 1487532962

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Closing Sysco presents a history of deindustrialization and working-class resistance in the Cape Breton steel industry between 1945 and 2001. The Sydney Steel Works is at the heart of this story, having existed in tandem with Cape Breton’s larger coal operations since the early twentieth century. The book explores the multifaceted nature of deindustrialization; the internal politics of the steelworkers’ union; the successful efforts to nationalize the mill in 1967; the years in transition under public ownership; and the confrontations over health, safety, and environmental degradation in the 1990s and 2000s. Closing Sysco moves beyond the moment of closure to trace the cultural, historical, and political ramifications of deindustrialization that continue to play out in post-industrial Cape Breton Island. A significant intervention into the international literature on deindustrialization, this study pushes scholarship beyond the bounds of political economy and cultural change to begin tackling issues of bodily health, environment, and historical memory in post-industrial places. The experiences of the men and women who were displaced by the decline and closure of Sydney Steel are central to this book. Featuring interviews with former steelworkers, office employees, managers, politicians, and community activists, these one-on-one conversations reveal both the human cost of industrial closure and the lingering after-effects of deindustrialization.