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.

Chapter

Document type:: Monograph

Structure type:: Chapter

Title:: Part II. Problems of verification

Collection:: Economics Books

230 INTERNATIONAL TRADE of the preceding period. These differ from wheat not only in that they are outside the class of pioneer products, but in that they had not been produced preponderantly for export. The domestic consumption had been large; they were nearer the verge of being once for all in the domestic class. Their exportation in some cases declined, in others ceased. The close commercial relations between the United States and Canada, and the particularly close relations of those Canadian districts which are nearest the border, caused some of them still to find their market in the neighboring country, yet with a clear tendency to diminution. But — to take one con- spicuous example — cheese, which before had been made chiefly for export, now dropped out almost completely. It is not necessary to reproduce all the details of Professor Viner’s investigation, or to note the exceptions to the general trend, sometimes easy of explanation, sometimes quite obscure. The reader is referred to his volume, in which the whole situation is unfolded. With hardly an exception, the phenomena of the export trade are as fully in accord with theoretical expectation as are the changes in prices and in money incomes. Another aspect of the Canadian experience is in the trade between Canada and the United States. The contiguity of the borders of the two countries, and the consequent large trade between them, simplify a phase of the problem which as yet has hardly been touched — the relations between the borrowing country and third countries, ¢.e. countries other than the lender. In this case the United States was a third country; indeed, the only third country of any consequence. In our theoretic discussion of the general effects of international lending and borrowing, it was pointed out! that under certain conditions the transactions may bring a movement of commodities into the borrowing country by a process that is simple and direct. That movement may take place without any flow of specie, without any disturbance of prices, without such intricate after-effects as have been described in the preceding paragraphs. This simpler course of events appears when the borrowers use the proceeds of 1 See Chapter 12, pp. 124-127. SS a —

Access restriction

Copyright

fullscreen: International trade

Monograph

Chapter

Table of contents

Download

Monograph

Chapter

This page

Image fragment

Citation links

Citation recommendation