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1973 (4)

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Finance & Development, June 1973.
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ISBN: 1463966644 1463966636 1616353120 Year: 1973 Publisher: Washington, D.C. : International Monetary Fund,

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Abstract

This paper reviews the influence of the tropical climate on economic development. The paper highlights that the effect of climate is clearly not the only ruling constraint on economic development. It is claimed that climatic factors severely hamper development through their impact on both human beings and their agriculture. Human economic activity is directly and adversely affected through the widespread extent and impact of diseases; and tropical agriculture suffers in the quality of its soils, its rainfall, and its multiplicity of pests and diseases.


Book
Finance & Development, September 1973.
Author:
ISBN: 1463967276 1463967268 1616353139 Year: 1973 Publisher: Washington, D.C. : International Monetary Fund,

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This paper focuses on the subject of development and income distribution, and suggests a method whereby economic development can be skewed in favor of the poor. The paper underscores that improvements in the distribution of income can be achieved by applying shadow cost significantly below money cost to determine the social cost of employing members of low-income groups and to use the social consolidation strategy in the choice of technology in the physical construction of projects. The application of this method would result in the more extensive use of labor instead of capital equipment.


Book
Finance & Development, March 1973.
Author:
ISBN: 146396661X 1463966601 1616353112 Year: 1973 Publisher: Washington, D.C. : International Monetary Fund,

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This paper analyzes the issue of migrant workers in Europe. The paper highlights that the number of migrant workers currently in the major industrialized countries of Western Europe is not accurately known. The actual annual flow of migration into Western Europe has been growing rapidly in recent years. Most migrants are so-called annual or permanent workers, although in France, particularly in agriculture, and in Switzerland, “seasonal” migration is also important. The paper also highlights that the sectoral distribution of migrant workers tends to follow the pattern of sectoral employment growth in the receiving country.


Book
IMF Staff papers : Volume 20 No. 1.
Authors: ---
ISBN: 1475500645 1463994842 Year: 1973 Publisher: Washington, D.C. : International Monetary Fund,

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This paper focuses on theoretical and policy issues posed by financial integration among industrial countries since the mid-1950s. The problems of measuring international financial integration and of estimating its trend over the years are also explored. The role of the Euro-dollar market, as a major financial intermediary that channels short-term funds between the money markets of the industrial countries, is examined first. An econometric analysis of factors influencing the Euro-dollar interest rate indicates that its movements are dominated by conditions in the United States and suggests a high degree of integration between the US and Euro-dollar capital markets. However, the results also lend some support to the view that the Euro-dollar rate is influenced by conditions in Europe, particularly by bursts of speculation. Since neither sterilization policies nor intervention in capital movements is likely to be entirely successful, highly integrated economies might also tend to determine their interest rates partly in the light of interest rate developments overseas.

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