International Trade and Trade Cycles, 1950–60

A. Lamfalussy
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A. Lamfalussy: Banque de Bruxelles

Chapter Chapter 11 in International Trade Theory in a Developing World, 1963, pp 241-276 from Palgrave Macmillan

Abstract: Abstract This essay in applied economics is not concerned to advance new theories. Its purpose is to contribute in a small way to the understanding of the working of the international economy between 1950 and 1960. More specifically, I shall try to provide part of the answer to an ambitious question: How does it happen that there has been no major trade cycle in the world economy during the last decade?

Keywords: North America; Trade Balance; Public Capital; Foreign Exchange Reserve; Marginal Propensity (search for similar items in EconPapers)
Date: 1963
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Persistent link: https://EconPapers.repec.org/RePEc:pal:intecp:978-1-349-08458-6_11

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DOI: 10.1007/978-1-349-08458-6_11

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