The Welfare Cost of the Us Current Account Deficits on Developing Countries

2022 ◽  
Vol 56 (1) ◽  
pp. 193-211
Author(s):  
Nilufer Ozdemir
Keyword(s):  
Developing Countries ◽  
Current Account ◽  
Welfare Cost ◽  
Current Account Deficits ◽  
The Us

The Economic Consequences of Higher Investment

2019 ◽  
pp. 127-135
Author(s):  
Andrew Smithers
Keyword(s):  
Public Sector ◽  
Interest Rates ◽  
Current Account ◽  
Economic Consequences ◽  
Fiscal Deficits ◽  
Share Prices ◽  
Current Account Deficits ◽  
The Us ◽  
Domestic Savings ◽  
Corporate Cash Holdings

Increased investment is essential to restore growth, but this will require higher savings as well as higher investment. Subject to the limited amount of help likely from rising current account deficits, domestic savings will need to rise at the expense of consumption. This will be unpopular. Those who claim that high corporate cash holdings mean that additional investment can be financed without more savings are confusing stocks with flows. Equally at fault are those who think that additional public sector investment will be painless because interest rates are so low. Companies in the US are the only major sector which is a habitual buyer of equities. Additional corporate investment will lead to fewer buy-backs, lower share prices, and higher household savings. This will narrow the savings gap, but fiscal deficits are highly correlatated with corporate net savings, so rising taxes are likely to be needed if investment rises.

The World Economy

2005 ◽  
Vol 192 ◽  
pp. 11-32
Keyword(s):  
North America ◽  
Exchange Rates ◽  
Current Account ◽  
Risk Premium ◽  
World Economy ◽  
Strong Growth ◽  
Current Account Deficits ◽  
The Us ◽  
The World ◽  
Major Shift

Growth in the world economy looks robust, with growth averaging over 4 per cent a year in the last 2 years and in the first two years of our forecast. Strong demand in North America is a major factor behind this growth, and it has been associated with increasing current account deficits for the US, as we can see in Chart 1. The emerging imbalances that this strong growth has produced present a major risk to the world economy as they may induce major realignments of exchange rates. We analyse the implications of a major shift in the risk premium on the dollar in Al-Eyd, Barrell and Pomerantz in this Review.

scholarly journals Determinants of Current Account Deficits in Developing Countries

2002 ◽  
Vol 2 (1) ◽  
Author(s):  
Cesar Augusto Calderon ◽  
Alberto Chong ◽  
Norman V. Loayza
Keyword(s):  
Developing Countries ◽  
Current Account ◽  
Current Account Deficits

Searching for new Sources of growth. Are the Developing Countries Catching up with the Developed ones?

2015 ◽  
pp. 30-53
Author(s):  
V. Popov
Keyword(s):  
Developing Countries ◽  
Western Europe ◽  
Gdp Per Capita ◽  
The West ◽  
Catching Up ◽  
The Us ◽  
The World ◽  
Economic Divergence ◽  
Per Capita ◽  
Relative Standing

This paper examines the trajectory of growth in the Global South. Before the 1500s all countries were roughly at the same level of development, but from the 1500s Western countries started to grow faster than the rest of the world and PPP GDP per capita by 1950 in the US, the richest Western nation, was nearly 5 times higher than the world average and 2 times higher than in Western Europe. Since 1950 this ratio stabilized - not only Western Europe and Japan improved their relative standing in per capita income versus the US, but also East Asia, South Asia and some developing countries in other regions started to bridge the gap with the West. After nearly half of the millennium of growing economic divergence, the world seems to have entered the era of convergence. The factors behind these trends are analyzed; implications for the future and possible scenarios are considered.

Women's perceptions of the safety of the pill: a survey in eight developing countries

1987 ◽  
Vol 19 (3) ◽  
pp. 313-321 ◽  
Author(s):  
Gary S. Grubb
Keyword(s):  
Developing Countries ◽  
Family Planning ◽  
Adverse Effects ◽  
Birth Defects ◽  
Health Risks ◽  
Scientific Evidence ◽  
Protective Effects ◽  
Gallup Poll ◽  
The Us ◽  
Women’S Perceptions

SummaryIn January 1985, a Gallup poll sponsored by the American College of Obstetrics and Gynecologists reported that 76% of the US women sampled thought that there were substantial risks with using the pill, 31% thought the pill caused cancer and 64% thought the risk of childbearing was equal to or less than that in taking the pill. To assess the perceptions of the pill's safety internationally, a survey of 100–150 urban, middle-class women aged 18–45 years was conducted in each of eight countries in the developing world. There were striking similarities in perceptions of the pill's health effects between countries: (1) taking the pill is considered to have substantial health risks by 50–75% and is thought to be more hazardous than childbearing by over 40% of respondents except those in the African samples; (2) women who had used the pill are as unaware as those who had not of possible serious cardiovascular adverse effects; (3) the protective effects of the pill are virtually unknown; (4) the greatest inconsistency with scientific evidence concerns the risks of sterility and birth defects attributed to pill use. With information from this survey, family planning programmes can rectify almost universal misperceptions of the pill's safety when counselling new and continuing pill users.

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