Abstract

IMPORTANT developments in the balances of payments of several major industrial countries during the past year make it desirable to examine these in more detail. In this chapter an analysis is given of the balances of payments of the United States, Canada, the United Kingdom, the Federal Republic of Germany, France, Italy, and Japan. These are followed by a discussion of the balances of payments of some nonindustrial countries—Australia, Brazil, Ghana, India, and Mexico—to supplement the more general review in Chapter 7.