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The International Trade and Monetary System

In: Money and Employment

Author

Listed:
  • R. J. Ball

    (London Business School)

Abstract

The economic and financial interdependence of countries has never been greater than it is today. Since the Second World War there has been a remarkable rise in the ratio of traded to non-traded goods. The growth and widespread operations of transnational businesses have blurred the distinction between exports and domestic production so that many manufactured goods have assumed the nature of commodities, derived from multiple sources and traded in the generality of world markets. Trade liberalisation and the progressive freeing of restrictions on the movement of capital have played a key role in increasing interdependence, accompanied by the rapid advance in communications and an explosion in international travel.

Suggested Citation

  • R. J. Ball, 1982. "The International Trade and Monetary System," Palgrave Macmillan Books, in: Money and Employment, chapter 6, pages 148-179, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-16695-4_6
    DOI: 10.1007/978-1-349-16695-4_6
    as

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