Book Description

Excerpt from The International Trade Balance: In Theory and Practice A natural and inevitable result of the vast war induced lending and borrowing operations of re cent years has been a greater popular interest in the nature and significance of the international equation of indebtedness. The question of the balance of trade had formerly but a limited appeal. It was believed to concern few other than the for eign exchange broker and the student of foreign trade. To-day it receives more general attention for the reason that its importance is far more widely recognized. Financial operations between nations are to-day conducted on so large a scale that the net position of any country as a lender or borrower may be quickly altered. A change of this nature is soon reflected in the merchandise trade balance, and this in turn serves to arrest pub lic attention. A further factor in this new and much more widespread public interest has been the extraordinary fluctuations of foreign exchange within recent years. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.