Balance of Payments Imbalances, by Alan Greenspan

Balance of Payments Imbalances, by Alan Greenspan
Author: International Monetary Fund
Publisher: International Monetary Fund
Total Pages: 39
Release: 2007-12-12
Genre: Business & Economics
ISBN: 145195011X

This paper focuses on the developing countries, which accounted for nearly half the value of those surpluses, were apparently unable to find sufficiently profitable investments at home that overcame market and political risk. The United States a decade ago likely could not have run up today’s near $800 billion annual deficit for the simple reason that we could not have attracted the foreign savings to finance it. In 1995, for example, total cross-border saving was less than $300 billion. The long-term updrift in this broader swath of unconsolidated deficits and mostly offsetting surpluses of economic entities has been persistent but gradual for decades, probably generations. However, the component of that broad set that captures only the net foreign financing of the imbalances of the individual US economic entities, our current account deficit, increased from negligible in the early 1990s to 6.2 percent of our GDP by 2006.

International Trade in Services and Intangibles in the Era of Globalization

International Trade in Services and Intangibles in the Era of Globalization
Author: Marshall B. Reinsdorf
Publisher: University of Chicago Press
Total Pages: 386
Release: 2009-06-01
Genre: Business & Economics
ISBN: 9780226709598

Quantitative measures of international exchange have historically focused on trade in tangible products or capital. However, services have recently become a larger portion of developed economies and international trade, and will only increase in the future. In International Trade in Services and Intangibles in the Era of Globalization, Marshall Reinsdorf and Matthew J. Slaughter examine new and emerging patterns of trade, especially the growing importance of transactions involving services or intangible assets such as intellectual property. A distinguished team of contributors analyzes the challenges involved in measuring trade in intangibles, the comparative advantages enjoyed by United States service industries, and the heightened international competition for jobs, capital investment, economic growth, and tax revenue that results from trade in services. This comprehensive volume will be necessary reading for scholars seeking to understand the rapidly changing global economy.

Balance of Payments Manual, Sixth Edition Compilation Guide

Balance of Payments Manual, Sixth Edition Compilation Guide
Author: Mr.Eduardo Valdivia-Velarde
Publisher: International Monetary Fund
Total Pages: 634
Release: 2014-12-08
Genre: Business & Economics
ISBN: 147551347X

The Balance of Payments and International Investment Position Manual 6: Compilation Guide is a companion document to the sixth edition of the Balance of Payments and International Investment Position Manual (BPM6). The purpose of the Guide is to show how the conceptual framework described in the BPM6 may be implemented in practice and to provide practical advice on source data and methodologies for compiling statistics on the balance of payments and the international investment position. The Guide is not intended to be a stand-alone manual, and readers should be familiar with the BPM6.

United Kingdom Balance of Payments 2008

United Kingdom Balance of Payments 2008
Author: The Office for National Statistics
Publisher: Palgrave Macmillan
Total Pages: 224
Release: 2009-01-15
Genre: Reference
ISBN: 9780230545656

The Pink Book provides detailed estimates of the UK Balance of Payments for the last 11 years, including estimates for the current account, the capital account, the financial account and the International Investment Position. It also includes a geographical breakdown of the current account by country.

Europe and Global Imbalances

Europe and Global Imbalances
Author: Philip R. Lane
Publisher: International Monetary Fund
Total Pages: 66
Release: 2007-06
Genre: Business & Economics
ISBN:

Although Europe in the aggregate is a not a major contributor to global current account imbalances, its trade and financial linkages with the rest of the world mean that it will still be affected by a shift in the current configuration of external deficits and surpluses. We assess the macroeconomic impact on Europe of global current account adjustment under alternative scenarios, emphasizing both trade and financial channels. Finally, we consider heterogeneous exposure across individual European economies to external adjustment shocks.

Global Economic Prospects 2006

Global Economic Prospects 2006
Author:
Publisher: World Bank Publications
Total Pages: 182
Release:
Genre:
ISBN: 082136345X

International migration, the movement of people across international boundaries to improve economic opportunity, has enormous implications for growth and welfare in both origin and destination countries. An important benefit to developing countries is the receipt of remittances or transfers from income earned by overseas emigrants. Official data show that development countries' remittance receipts totaled 160 billion in 2004, more than twice the size of official aid. This year's edition of Global Economic Prospects focuses on remittances and migration. The bulk of the book covers remittances.

Understanding National Accounts Second Edition

Understanding National Accounts Second Edition
Author: Lequiller François
Publisher: OECD Publishing
Total Pages: 520
Release: 2014-10-20
Genre:
ISBN: 9264214631

This is an update of OECD 2006 "Understanding National Accounts". It contains new data, new chapters and is adapted to the new systems of national accounts, SNA 2008 and ESA 2010.

Gowers Review of Intellectual Property

Gowers Review of Intellectual Property
Author: Andrew Gowers
Publisher: The Stationery Office
Total Pages: 152
Release: 2006-12-06
Genre: Business & Economics
ISBN: 0118404830

This report examines the importance of intellectual property (IP), ranging from patents, copyright, design and trade marks, and whether in the age of globalization, digitization and increasing economic specialization it still creates incentives for innovation, without unduly limiting access to consumers and stifling further innovation. The report does recommend a radical overhaul of the system, with the review concentrating on three areas, and setting out the following recommendations: (i) strengthening enforcement of IP rights, whether through clamping down on piracy or trade in counterfeit goods; (ii) reducing costs of registering and litigating IP rights for businesses large and small; (iii) improving the balance and flexibility of IP rights to allow individuals, businesses and institutions to use content in ways consistent with the digital age.