Author: Richard E. CavesPublisher:
ISBN:
Category :
Languages : en
Pages : 432
Book Description
Capital Transfers and Economic Policy
Author: Richard E. CavesCapital transfers and economic policy
Author: Richard E. CavesCapital Transfers and Economic Policy: Canada, 1951-1962
Author: Richard Earl CavesCapital Transfers and Economic Policy
Author: Capital Transfers and Economic Policy: Canada, 1951-1962
Author: Richard E. CavesPublisher: Harvard University Press
ISBN: 9780674094857
Category : Business & Economics
Languages : en
Pages : 460
Book Description
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.
Canadian Economic Policy and the Impact of International Capital Flows
Author: Richard E. CavesPublisher: University of Toronto Press
ISBN: 1442654554
Category : Business & Economics
Languages : en
Pages : 82
Book Description
The object of this study is to investigate the effects that complete and formal integration of the Canadian with the American capital market would have on the Canadian economy. It is based largely on recent trade statistics, particularly those of the period when the exchange rate floated. In summary, the short- and long-run effects could both be beneficial to Canada. This study is a convenient summary of a longer work by the same authors to be published in 1970.
Multinationals in Canada: Theory, Performance and Economic Impact
Author: A.M. RugmanPublisher: Springer Science & Business Media
ISBN: 9401576483
Category : Business & Economics
Languages : en
Pages : 206
Book Description
Multinational enterprises have become one of the distinctive institutions of our times. Controversy over their economic and political effects, and over appropriate public policy responses, has become common in home and host countries and in international agencies. Much of this debate is reminiscent of the role of large corporations generally, particularly in their interregional and intergroup effects. The multinational setting, however, would have raised distinctive issues even apart from the strong surges of nationalism and anti-imperialism which have marked recent history. Canada has a long and unusual experience with such enterprises. Foreign control of capital in the nonfinancial industries (manufacturing, petroleum and gas, other mining and smelting, utilities, merchandising) was already 20 percent in 1930 and 25 percent in 1948. It rose to 36 percent by the late 1960s, but has since receded to about 30 percent. In 1975, fully 55 percent of the capital in manufacturing was controlled outside Canada, as was 72 per cent of that in petroleum and gas, and 58 percent in other mining. These figures exceed those of other developed countries, although there have been striking increases in recent decades. About 80 percent of the direct invest ment capital in Canada is from the United States. Recently, Canadians have xi xii FOREWORD become aware of a surge of Canadian direct investment abroad, which on a flow basis has exceeded inflows (exclusive of retained earnings) for most of the 1970s.
The Canadian Balance of Payments
Author: Frances ChambersPublisher: IRPP
ISBN: 9780920380833
Category : Political Science
Languages : en
Pages : 276
Book Description
Capital Movements and Their Control
Author: Alexander K. SwobodaPublisher: BRILL
ISBN: 9789028602953
Category : Business & Economics
Languages : en
Pages : 248
Book Description
At head of title: Institut universitaire de hautes eÌ tudes internationales. Includes bibliographies and index.
International Trade and Finance
Author: Peter B. KenenPublisher: Cambridge University Press
ISBN: 0521068746
Category : Business & Economics
Languages : en
Pages : 561
Book Description
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.