Record Details

The Italian balance of payments problem

PSL Quarterly Review

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Field Value
 
Title The Italian balance of payments problem
 
Creator CARLI, G.
 
Subject —
Italy, balance of payments, foreign trade deficit, trade liberalisation, tariffs, import restrictions, exports, trade policy
F10, F13, F32
 
Description Italy’s foreign trade deficit, one of the countries most pressing problems, remained at a high level in 1953, giving fresh zest to the debates on the policy of trade liberalisation and tariff reductions followed by the Italian Government. According to the author, the situation calls for the adoption of re-equilibrating measures. Among such possible measures, a policy of financial and credit import restrictions should be avoided, as it would reduce the volume of domestic investments and thus aggravate the unemployment problem. Moreover, the manipulation of exchange rates would be of little use as its effects would soon be effaced by a rise in home prices. On the other hand, efforts should be directed towards assuring larger exports. The author argues that it is essential to secure a geographical reorientation of Italy’s trade policy which would shift “imports towards those areas where Italian exports have the greatest possibilities of finding outlets”. Such a policy would, however, imply more definite recourse to methods of centrally managed trade policies.
 
Publisher Economia civile
 
Contributor —
 
Date 2014-09-22
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
—
 
Format application/pdf
 
Identifier http://annalidibotanica.uniroma1.it/index.php/PSLQuarterlyReview/article/view/12739
 
Source PSL Quarterly Review; Vol 6, No 26 (1953)
PSL Quarterly Review; Vol 6, No 26 (1953)
2037-3643
ISSN 2037-3635
 
Language eng
 
Relation http://annalidibotanica.uniroma1.it/index.php/PSLQuarterlyReview/article/view/12739/12547
 
Rights Copyright (c) 2016 G. CARLI
http://creativecommons.org/licenses/by-nc-nd/4.0