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Marcus Fleming Britains BalanceofPayments
Samuel P Hayes r An Appraisal of Point Four
FOREIGN INVESTMENT AND TRADE
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adjustment allies arms aid aspect of Point balance of payments balance-of-payments Bank beneﬁt billion Britain British capital exports cent convertibility of sterling cooperation cost currency devaluation dollar area dollar deﬁcit dollar gap dollar imports domestic economic and ﬁnancial economic development effect equilibrium Europe’s European exports European Payments Union exchange control expand ﬁeld ﬁgures ﬁnance ﬁnd ﬁrst ﬂexible ﬂow ﬂuctuations foreign countries France free world funds gold greater import restrictions improved income increase industrial inﬂation inﬂuence international economic investment abroad loans markets Marshall Plan measures ment military multilateral munitions Mutual Security Agency nomic non-dollar oﬂicial overseas Point Four Point Four program possible private capital private foreign investment private investment problem production raw materials reduced result sterling area sterling balances tariff technical terms of trade tion trade and payments underdeveloped areas United Kingdom United States dollar Vol Vol Western Europe