International trade

Bibliographic data

Monograph

Identifikator:: 1758394757

URN:: urn:nbn:de:zbw-retromon-136209

Document type:: Monograph

Author:: Taussig, Frank William http://d-nb.info/gnd/120199459

Title:: International trade

Place of publication:: New York, NY

Publisher:: Macmillan

Year of publication:: 1927

Scope:: XXI, 425 Seiten; graph. Darst.

Digitisation:: 2021

Collection:: Economics Books

Usage license:: Get license information via the feedback formular.

Document type:: Monograph

Structure type:: Contents

Collection:: Economics Books

Iv r CONTENTS CHAPTER 10 Two CoUNTRIES COMPETING IN A THIRD Various combinations of barter possible when two countries or more compete in a third, 97. An increase in demand in one of the countries for any one of the commodities affects the barter terms of trade of all countries, 98. Two ways in which a country obtains its commodities cheaper thru foreign trade, 101. Ex- amples of more complicated variants of barter among three countries, 102. The same variants considered in terms of money prices and money incomes, 104. CHAPTER 11 NoN-MERCHANDISE TRANSACTIONS. TRIBUTES, INDEMNITIES, Tourist EXPENSES : PAGES 97-107 108-122 Increasing importance of international payments arising out of non-merchandise transactions, 108. Illustration of the change in barter terms of trade brought about by foreign payments for which no quid pro quo is obtained, 109. The terms “favorable” and “unfavorable” balance of trade, 111. Payment of a tribute or indemnity is costly in two ways: a country parts with a quantity of goods, and it obtains its imports on less favorable terms, 112. Distinction between the gross barter terms of trade and the net barter terms of trade, 113. Illustration of the effect on both gross and net barter terms of a change in elasticity of demand for one of the imported commodities. ‘‘Invisible” items in the balance of payments not alike in their effects on the barter terms of trade, 114. Effect of indemnities and of tourist ex- penditures contrasted, 117. Gifts and charitable remittances, 121. CHAPTER 12 NoN-MERCHANDISE TRANSACTIONS, FURTHER CONSIDERED. LOANS AND INTEREST PAYMENTS; FREIGHT CHARGES ; ; 123-140 Foreign loans by individuals cause a flow of specie from the lend- ing country, 123. Qualification of this statement if foreign loans are linked directly with commodity exports, 124. The borrowing country secures a double gain from the capital movement: an additional supply of imported goods, and the procurement of all imports on barter terms more favorable than before, 127. Inter- est payments, as they accumulate, tend to reduce the gain. When annual interest payments finally exceed annual borrowings, the double gain shifts from borrowers to lenders, 128. The changes operate thru flow of specie and modification of money

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