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This chapter highlights asymmetries and errors in reported balance of payments statistics. The aggregation of individual countries' balance of payments statements into group statements or a world total provides clues to certain inconsistencies and asymmetries present in the figures. The method, however, does not necessarily disclose all the differences and inaccuracies that exist, nor does it clearly indicate generally which figures, by country or by category of transaction, are to be regarded as the more reliable when substantial differences come to light. The IMF staff, working with the national compilers to improve the statistics, has concentrated on producing a record of individual countries' economic transactions with the rest of the world that can be used as a basis for gauging the impact of these transactions on the countries' domestic economy and foreign position. Most of the available balance of payments statistics may be judged reasonably adequate to serve this purpose.
Currency --- Exchange restrictions --- Financial institutions --- Financial instruments --- Foreign Exchange --- Foreign exchange --- General Financial Markets: General (includes Measurement and Data) --- Income and capital gains taxes --- Income tax systems --- Income tax --- Investment & securities --- Investments: General --- Macroeconomics --- Monetary economics --- Money and Monetary Policy --- Money --- Nonwage Labor Costs and Benefits --- Personal Income and Other Nonbusiness Taxes and Subsidies --- Private Pensions --- Public finance & taxation --- Securities --- Tax incentives --- Taxation --- Taxation, Subsidies, and Revenue: General --- Taxes --- Costa Rica
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This paper reviews developments in the flow of private capital during 1957–1965 within the limitations of the basic data. This paper is divided into five sections. The paper examines the statistics on a broad global basis to gauge the rough magnitude of flows between the industrial and nonindustrial countries, analysed between long-term and short-term capital. The published figures show a net inflow of short-term capital to the nonindustrial countries over the two four-year periods, but the large negative net errors and omissions item for these countries suggests that some capital outflows have passed unidentified. The pattern of growth in direct investment from the first to the second four-year period suggests a decrease in the flow to the nonindustrial countries as a group. Despite the change in direct investment in nonindustrial countries shown by the aggregate figures, all the areas, except Latin America, registered appreciably greater direct investment receipts in the second than in the first four-year period.
Capital market --- Exports and Imports --- Finance --- General Financial Markets: General (includes Measurement and Data) --- Income and capital gains taxes --- Income economics --- Income tax systems --- Income tax --- Income --- International Investment --- Investments, Foreign --- Labor --- Labour --- Long-term Capital Movements --- Macroeconomics --- Money and Monetary Policy --- National accounts --- Personal Income and Other Nonbusiness Taxes and Subsidies --- Personal income --- Property & real estate --- Public finance & taxation --- Real property tax --- Taxation --- Taxation, Subsidies, and Revenue: General --- Taxes --- Wages --- Wages, Compensation, and Labor Costs: General --- Wealth tax --- United States
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This paper focuses on the economic development in Taiwan. The paper highlights that it was under the Japanese that the first significant commercial development took place in Taiwan as the colony was transformed into a supplier of foodstuffs, particularly rice and sugar, for sale in Japan, in accordance with the normal views of that time of the role of a colonial dependency. The Japanese established an infrastructure in the form of power, communications, and water control systems. The last was an important contribution.
Banks and Banking --- Exports and Imports --- Macroeconomics --- Money and Monetary Policy --- Taxation --- Monetary Systems --- Standards --- Regimes --- Government and the Monetary System --- Payment Systems --- Fiscal Policy --- Taxation, Subsidies, and Revenue: General --- Trade: General --- Monetary Policy --- Public finance & taxation --- Banking --- Monetary economics --- Investment & securities --- Labour --- income economics --- Fiscal governance --- Currencies --- Gold --- Income and capital gains taxes --- Fiscal policy --- Money --- Commodities --- Taxes --- Exports --- International trade --- Tax incentives --- Foreign exchange reserves --- United States --- Income economics
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