ECON 314 Lecture Notes - Lecture 15: Hard Currency, Structural Adjustment, Special Drawing Rights
27 Mar 2018
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Taiwan: 1895 to 1945: japanese colony; 1945 1949 = chinese province, 1949: chiang kai shek and kuomintang army with 2 million refugees, large infrastructure (telephone, telegraph, railways, banks all owned by gov, land reform. Isi until 1959 with large american aid, low domestic savings: banking and large domestic infrastructure units under governments (and. Impact of financial assistance provided: at low interest rate to preferred firms by banks that are in large governmental: those who are not in the preferred areas could not get loans from the banks. One the successful stories from no development to very developed. Chapter 12: about movement of commodities, goods moving in and out of countries. Chapter 13: balance of payments: looking at financial side of exchanges. We are looking at 2 things: major debt crisis of (cid:883)(cid:891)(cid:890)(cid:882)s (cid:523)often called (cid:498)latin american(cid:499) crisis(cid:524, financial crisis (the american financial crisis) If import exceeds exports, you have a current account deficit.
