Balance of payments of the United States, Western Europe and Japan

The fundamental balance of payments problem of concern at mid-1950 to the countries which contemplated rearmament programmes was that, if increased arms expenditures were to result in a heavy pressure of domestic demand, there would be a tendency for exportable surpluses to fall, particularly in the categories of goods produced by the heavy industries, and for imports to rise under the stimulus of expanding industrial output and money incomes.

Sustainable Development Goals:

Decent Work and Economic Growth

Industry, Innovation and Infrastructure

Climate Action