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Titlebook: Balance-of-Payments Theory and the United Kingdom Experience; A. P. Thirlwall Textbook 1980Latest edition A. P. Thirlwall 1980 accounting.

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Bernhard Sch?fer (Vorstandssprecher) not be a conflict between the achievement of internal balance and balance-of-payments equilibrium. Circumstances may be such that the goals of full employment and a satisfactory growth rate can be achieved without a balance-of-payments deficit emerging. In many countries, however, the potential con
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https://doi.org/10.1007/978-3-531-18924-6 the goods itself. Some imports are not competitive with domestic goods because the country does not have the physical capacity to produce them; others will be competitive, and the demand for them will partly depend on the ability of domestic producers to supply the substitutes. Second, the price of
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發(fā)表于 2025-3-24 11:26:17 | 只看該作者
https://doi.org/10.1007/978-3-531-18924-6be expected to differ in relative importance. First, there is the ability and willingness of domestic producers to supply, which depends partly on capacity and partly on the domestic pressure of demand, which may divert goods away from foreign markets to the home market. Second, the price of exports
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https://doi.org/10.1007/978-3-531-18924-6 the achievement of faster, investment-led growth. As the economy has expanded towards its capacity level, bottlenecks in particular sectors of the economy have raised the aggregate level of imports in excess of the capacity to export, necessitating contraction of the economy. Likewise, attempts to
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