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The position of the world economy on the eve of the outbreak of the Korean war; post-Korean developments and prospects (English)

This report provides a review on the position of the world economy on the eve of the outbreak of the Korean war, and the Post-Korean developments and prospects as of 1953. In the first part of this Memorandum the authors argued that the strength displayed by the British economy during the six months preceding the outbreak of the Korean war concealed serious weaknesses which were bound to make themselves felt at a later date even if there had been no Korea. The authors concluded that the principal factors in the emergence of a large British external deficit during the second half of 1951 were larger imports, the servicing of the American and Canadian loans, the running down of sterling balances and capital flight.

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The position of the world economy on the eve of the outbreak of the Korean war; post-Korean developments and prospects (English). Central Economics staff series,no. EC 8 Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/706301468338487571/The-position-of-the-world-economy-on-the-eve-of-the-outbreak-of-the-Korean-war-post-Korean-developments-and-prospects