ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

A+| A| A-

International Capital Market-Narrow Options

January 18, 1986 of the United States whereas the loss may well be. Didn't the introduction of new technology in textile manufacturing in the 19th century create jobs in one part of the globe only at the" expense of jobs in other parts? There is real concern that the USA is fast losing its competitive edge to Japan and given the relatively low rates of US domestic saving and, therefore, serious doubts about the feasibility of sufficiently high rates of US capital formation, the optimistic forecast of the Leontief-Duchin model may prove illusory. Leontief himself is reportedly worried.

To read the full text Login

Get instant access

New 3 Month Subscription
to Digital Archives at

₹826for India

$50for overseas users


(-) Hide

EPW looks forward to your comments. Please note that comments are moderated as per our comments policy. They may take some time to appear. A comment, if suitable, may be selected for publication in the Letters pages of EPW.

Back to Top