Abstract
A country must pay for its imports, and the principal way of doing so is the exportation of merchandise. But this is not the only means. Income from overseas investment, commissions earned on financial services, transport services and other invisible earnings may compensate or more than compensate for a deficit on merchandise trade.
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Notes
Cf. A. H. Imlah, ‘Economic Elements in the Pax Britannica’ (Harvard U.P., Cambridge, Mass., 1958)
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© 1970 F. V. Meyer, D. C. Corner and J. E. S. Parker
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Meyer, F.V., Corner, D.C., Parker, J.E.S. (1970). Invisible Trade. In: Problems of a Mature Economy. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-15400-5_25
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DOI: https://doi.org/10.1007/978-1-349-15400-5_25
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-0-333-11315-8
Online ISBN: 978-1-349-15400-5
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