"Techr Außen Foreign Trade Police Austria’s Share in the World Trade these imports will rise in proportion to the increase of Austrian industrial activity. In the second place the Austrian foreign trade balance is very substantially influenced by Vienna, the strongly differentiated requirements of a two-million city in a country with only about 6% million ‘souls making for imports which, in relation to the total population of the Republic, must necessarily be high. Finally, it should be remembered that Austria is at present, and will be for a long ‘time, dependent on foreign capital in a high degree and that foreign capital in the end can take its way into the country in the shape of goods only. Austria therefore does not so much expect salvation from a restrietion of imports, as from an extension, on the largest possible scale, of her exports, and this fact distinguishes Austrian foreign trade policy considerably from the foreign trade policy of other Central European countries, which through the openly proclaimed tendenecy to restricet imports while simultaneously foreing up exports sasily appears in a selfish or, if you like, mercantilistie light. It is not a question, however, of the approving or disapproving opinion which may be formed abroad of this policy, as countries free to direct their foreign trade policy are not influenced, as a rTule, by such opinion, but through mentioning the fact that Austria is not out to restrict imports, readers are to have their attention drawn to a further practical advantage which they may gain from this Export Directory. It has been stated already that Austrian industry has to import, in addition to most raw materials, a large number of semi-manufactured products. A foreign industrialist or merchant studying this book carefully will thus find various suggestions not only in regard to his imports, but also ‚especting his exports, in view of the fact that nearly every Austrian exporting industry is at the same time importing t00. One is frequently inclined to underrate the importance which Austria has for international commerce through the amount of her imports and exports, because one has before one’s eyes an economic unit of limited territorial extension, whose foreign trade figures, compared with those of Great Powers, cannot be impressive. A very different opinion of the part which Austria plays in international trade will prevail, however, if the proportional share in the world trade of the various European states is compared. From a table of this kind, referring to the year 1924, which was prepared and published by the League of Nations, the following percentages are quoted, to which have been added population figures in order to present a vivid pieture of the relative importance which the respective countries have for the world trade: rhe “ Trade Germany 4 EEE "19 Belgium and Luxemburg 281 France en U 3:22 Great Britain and Ireland 7°52 Haly A 783 Netherlands... 297 Russia 51 Switzerland . ULB. Yugoslavia . "44 Austria . . . 47 Poland 4 :02 Rumanla uk “72 Czechoslovakia . . 187 Hungary... 0:50 It results from this table that Austria, in regard to her absolute share in the world trade, is among the Succession States second to Czechoslovakia only, while relatively, ie. if the population figure is also taken into account, she ranks foremost among all Central European states. Not less interesting is @ table which is quoted here from the Wirtschaftsstatistische Jahrbuch, 1925, published by the Vienna Chamber of Labour and which shows the imports and exports of the most important states in reichsmark per capita of the population. States Germany Ha Belgium and Luxemburg FEANCO > Ar fie en Great Britain and Ireland Haly Netherlands . . Russia 1e:. Switzerland Denmark . Norway. . Sweden. . “DOT ts RM 19917 414°09 215°55 59473 102°23 57540 26:92 55929 549°83 400°26 26960 Exports RM 141°00 333°53 22526 347°34 71:13 423°54 20°24 43395 51261 29931 25300 Rn E43 A