Accession Number : AD0422718

Title :   THE BROOKINGS REPORT ON THE BALANCE OF PAYMENTS,

Corporate Author : RAND CORP SANTA MONICA CALIF

Personal Author(s) : Mendershausen,Horst

Report Date : NOV 1963

Pagination or Media Count : 20

Abstract : The principal conclusion of this study of balance of payments prospects for 1968 is expressed in the authors' words: ''Our best guess is hat the basic deficit will be eliminated.'' The meaning of this statement is further clarified in the leading recommendation regarding measures to improve the balance of payments, which is negative: ''We do not recommend that the government at this time take any steps to improve the balance of payments other than measures which seem desirable in themselves.'' The authors argue that the pursuit of basic national objectives, summarized as economic growth and stability at home and abroad, maintenance of Free-World military strength, and freedom of economically productive transactions in the Free World, should not be jeopardized by preoccupation with the balance of payments. (Author)

Descriptors :   (*ECONOMICS, UNITED STATES GOVERNMENT), (*FEDERAL BUDGETS), MONEY, COMMERCE

Distribution Statement : APPROVED FOR PUBLIC RELEASE