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World Economic Report 1950–1951

image of World Economic Report 1950–1951

World Economic Report 1951-52 highlights the major domestic economic changes in economically developed private enterprise economies, centrally planned economies and selected countries of Latin America and the Far East. The Report also studies the changes in international trade and payments in several major economic powers. From 1950 to 1952, these took place in a context of continuing international disequilibrium.

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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.

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