The Course and Phases of the World Economic Depression: Report Presented to the Assembly of the League of Nations

The Course and Phases of the World Economic Depression: Report Presented to the Assembly of the League of Nations

The Course and Phases of the World Economic Depression: Report Presented to the Assembly of the League of Nations

The Course and Phases of the World Economic Depression: Report Presented to the Assembly of the League of Nations

Excerpt

research institutes was also sent later to certain Governments. In response to these letters, memoranda were received from the Governments of Bulgaria, Netherlands Indies, Estonia, Latvia, Portugal, Roumania, Sweden and Yugoslavia. A report on the economic depression in Japan was prepared by the Tokio Office of the League.

In accordance with the instructions of the Assembly, the author of the present volume, Professor Ohlin, to whom the Financial Organisation of the League entrusted the general responsibility for the preparation of the material upon which it is based, has worked in collaboration with the International Labour Office and the International Institute of Agriculture, which have furnished him with information and data relating to the subjects with which they are concerned. Unfortunately, owing to the postponement of the meeting of the Economic Consultative Committee and the desirability of preparing the report in time to submit to the present Assembly, it has proved impossible to consult that Committee as the Eleventh Assembly had intended.

A. LOVEDAY.

September 1931.

Financial Section and Economic Intelligence Service, League of Nations, Geneva.

PREFACE TO REVISED EDITION.

In the present revised edition the description of the depression is carried up to the latter part of September 1931. A summary account of the financial events since the middle of August has been added to Chapter VIII, and in Chapter VI the factors which led up to those events are briefly analysed. A number of minor alterations have been made in certain chapters; the only considerable charge is in the figures relating to international capital movements, which have been revised and completed in accordance with information recently made available.

A. LOVEDAY.

October 1931.

Financial Section and Economic Intelligence Service, League of Nations, Geneva.

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