The International Trade Balance in Theory And Practice
The book The International Trade Balance in Theory And Practice was written by author Theodore Harding Boggs Here you can read free online of The International Trade Balance in Theory And Practice book, rate and share your impressions in comments. If you don't know what to write, just answer the question: Why is The International Trade Balance in Theory And Practice a good or bad book?
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An export balance, however, appeared in the fiscal year 1915-16. The excess of exports grew to such proportions that the annual average for the years 1917-19 amounted to |409, - 000, 000. The foregoing chart reveals the gen- eral character of Canada's trade balance from the time of Confederation to 1921. The chart does not indicate the aggregate volume of imports and ex- ports, but merely the difference between them. The excess of exports, which increased so rapidly after its appearance in 1915..., persisted till the close of the fiscal year 1919-20. During the succeeding twelve months, ending in March, 1921, it was super- seded by a small excess of imports, amounting to 130, 000, 000. It will be observed, from the foregoing diagram, that the import balance was most pronounced dur- ing the decade which closed in 1913. This was a period of heavy foreign borrowings on the part of Canadian governments, municipalities, and indus- try. The excess of imports in large part formed the offsetting factor to counterbalance this invis- ible credit in the form of foreign capital importa- tion.
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