The Political Economy of Competitiveness by Kitson Michael; Michie Jonathan; & Jonathan Michie

Author:Kitson, Michael; Michie, Jonathan; & Jonathan Michie [Michael Kitson]
Language: eng
Format: epub
ISBN: 9781136294945
Publisher: Taylor and Francis

* * *

Constrained countries

 United Kingdom 1.6 +1.5

 Germany 11.3 −1.2

Unconstrained countries

 France 4.3 +2.1

 USA 5.5 +0.8

World 5.7 –

Sources: Mitchell (1975, 1983); Carre, Dubois and Malinvaud (1976) and League of Nations (1939).

Note

Estimates for Germany refer to 1925–29.

Table 6.3 Current account surpluses as a percentage share of world exports, 1924–29

Year France USA

* * *

1924 1.7 3.5

1925 0.9 2.2

1926 1.2 1.5

1927 1.0 2.2

1928 0.7 3.1

1929 0.5 2.3

Annual average 1.0 2.5

Sources: Mitchell (1975, 1983); League of Nations (1939) and Kitson and Solomou (1990b).

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