Economics of War-Time Export Trade


    A VALUABLE broadsheet “Exports in War” issued by Political and Economic Planning (PEP) reviews the question in relation to the economics of war and the principles upon which the export policy of Great Britain should be based. The object of exporting at all is to save man-hours, and in war-time to avoid mortgaging the future by the sale of overseas securities. Because of our limited ability to pay for imports in exports or foreign securities and our restricted capacity to ship them over, there must be discrimination between different types of demand for imports, giving priority to those which are most urgent from the point of view of winning the war.

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    Economics of War-Time Export Trade. Nature 145, 472 (1940).

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