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1967 (3)

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Book
IMF Staff papers : Volume 14 No. 2.
Authors: ---
ISBN: 1475500343 146399155X Year: 1967 Publisher: Washington, D.C. : International Monetary Fund,

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Abstract

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.


Book
IMF Staff papers : Volume 14 No. 1.
Authors: ---
ISBN: 1475500580 1463994192 Year: 1967 Publisher: Washington, D.C. : International Monetary Fund,

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Abstract

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.


Book
Finance & Development, September 1967.
Author:
ISBN: 1463959389 1463958773 1616352876 Year: 1967 Publisher: Washington, D.C. : International Monetary Fund,

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Abstract

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.

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