Struggling with the Impossible: Sterling, the Balance of Payments and British Economic Policy, 1949–72

The Quality of Kazakhstan’s Economic Policy and Balance of Payments

Voprosy Ekonomiki ◽

10.32609/0042-8736-2008-12-120-132 ◽

2008 ◽

pp. 120-132

Author(s):

K. Arystanbekov

Keyword(s):

Economic Growth ◽

Economic Policy ◽

Economic Development ◽

Balance Of Payments ◽

Foreign Investors ◽

Negative Balance ◽

Macroeconomic Efficiency

Kazakhstan’s economic policy in 1996-2007, its character and the degree of responsibility, the correlation between economic development and balance of current accounts are considered in the article. Special attention is paid to the analysis of their macroeconomic efficiency. It is concluded that in conditions of high rates of economic growth in Kazahkstan in 2000-2007 the net profits of foreign investors are 10-11% of GDP every year. The tendency of negative balance of current accounts in favor of foreign investors is also analyzed.

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The Balance of Payments: Theory and Economic Policy

Canadian Journal of Economics/Revue canadienne d économique ◽

10.2307/134053 ◽

1974 ◽

Vol 7 (3) ◽

pp. 528

Author(s):

James J. Mcrae ◽

Robert M. Stern

Keyword(s):

Economic Policy ◽

Balance Of Payments

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Long-Term Growth and Short-Term Policy

National Institute Economic Review ◽

10.1177/002795016402900103 ◽

1964 ◽

Vol 29 ◽

pp. 26-38 ◽

Cited By ~ 17

Author(s):

W. A. H. Godley ◽

J. R. Shepherd

Keyword(s):

Economic Policy ◽

Balance Of Payments ◽

The Other ◽

High Wage ◽

Short Term ◽

High Unemployment ◽

The Government ◽

Wage Increases

One of the main aims of short-term economic policy in Britain has been to regulate the pressure of demand for labour, and to keep the fluctuations of the unemployment percentage within fairly narrow limits. High unemployment is obviously undesirable; at the other end of the scale, if the pressure of demand for labour is too strong, this tends to lead to excessively high wage increases and to balance of payments difficulties. It is for the Government to decide at what pressure it wishes to run the economy, and to try to keep it there.

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Summary and Appraisal

National Institute Economic Review ◽

10.1177/002795018913000101 ◽

1989 ◽

Vol 130 ◽

pp. 3-6

Keyword(s):

Economic Policy ◽

Exchange Rate ◽

North Sea ◽

Output Growth ◽

Balance Of Payments ◽

Export Growth ◽

Consumer Spending ◽

Fixed Investment ◽

Difficult Time ◽

World Markets

The new Chancellor, John Major, has taken office at a difficult time for the conduct of economic policy. The boom of the late 1980s has spent its force, but as yet there is no sign of the improvement in the balance of payments, or the reduction in inflation one might expect as a consequence.In our main forecasts we show output growth in 1990 of just over 1½ per cent, less than 1 per cent excluding North Sea oil production. Consumer spending, which gave the main impetus to the early stages of the boom, will hardly rise next year and stock building is expected to turn negative. Fixed investment is unlikely to contribute much to the growth of demand year-on-year. The fall in the exchange rate during this year will help to sustain export growth next year, although world markets will not be as buoyant as they have been in 1989.

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The Economic Situation: Annual Review: Chapter I. The British Economy in 1969

National Institute Economic Review ◽

10.1177/002795017005100102 ◽

1970 ◽

Vol 51 ◽

pp. 4-21

Keyword(s):

Economic Policy ◽

Balance Of Payments ◽

Economic Situation ◽

Annual Review ◽

British Economy

This chapter begins with a narrative and review of economic policy in 1969; succeeding sections deal with output and the composition of demand; the balance of payments; and the regions.

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Anglo-American economic relation A rejoinder

Journal of the Staple Inn Actuarial Society ◽

10.1017/s0020269x00002693 ◽

1947 ◽

Vol 6 (03) ◽

pp. 135-139

Author(s):

A. P. Zentler

Keyword(s):

Economic Policy ◽

International Trade ◽

Special Interest ◽

Full Employment ◽

Balance Of Payments ◽

Economic Relation ◽

Complex Field ◽

Limited Space ◽

Anglo American

Mr A. F. Murray's paper published in the July issue of thisJournalcovers such a wide and complex field that it is obviously impossible to discuss it adequately in three to four pages. Within this limited space I have selected for comment a few points which not only constitute the main props in Mr Murray's arguments, but are also, largely for accidental reasons, of rather special interest. Their interest derives from the fact that in the last article written by the regretted Lord Keynes, these points are discussed in great detail and—most important—entirely different conclusions are reached.If I understand him rightly Mr Murray's argument is roughly this. Multilateral international trade can function properly only if the following two conditions are satisfied:(i) each of the participating nations must pursue a policy of full employment at home;(ii) each nation must pursue abroad an economic policy such that its balance of payments over a long term is of manageable dimensions.

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