Economic History of Europe in Modern Times

By Melvin M. Knight; Harry Elmer Barnes et al. | Go to book overview
more cheaply under familiar conditions than unfamiliar ones. A Dutch refinery superintendent who goes to Rumania to live not only gets transportation for himself, his family and their personal effects, but he usually thinks he is bettering his position. Investors in Great Britain, the Netherlands, or America expect higher interest returns or speculative profits on their funds which work in the Balkans than those tied up in home enterprises. If a country like Rumania erects political barriers to foreign capital, it raises the interest charge to what capital will work for under the new conditions. Political control by tariffs over the influx of goods is limited by what the domestic market will stand. The want of industrial capital is usually the reflection of conditions under which it cannot profitably work. Meet those conditions, and the capital comes in; meet some of them and less of it comes at higher interest rates; or meet none of them and it stays out.
SUGGESTIONS FOR FURTHER READING
Annuarul Statistic al Romaniei. Bucharest (Rumanian and French text).
Badulescu V. V.: Les Finances publiques de la Roumanie.
Buchan John (ed.): Yugoslavia. In "Nations of To-day" series. (Also volume on Bulgaria and Rumania.)
Bulgaria of To-day. Translation of book edited by Bulgarian Ministry of Commerce and Agriculture, 1906.
* Day Clive: "The Pre-War Commerce and the Commercial Approaches of the Balkan Peninsula", in Geographical Review, 1920, vol. 9, pp. 277- 98.
Department of Overseas Trade Reports, Annual Series.
Evans L. P.: The Agrarian Revolution in Rumania.
Guest L. Haden: The Struggle for Power in Europe, 1917-21. Chaps.VIII, IX. ( Rumania and Bulgaria, esp. chap. IX on Bulgaria.)
* Iaranoff Athanase: La Bulgarie économique.
Irvine Helen D.: The Making of Rural Europe, chaps. XI-XII.
Knight M. M.: "Peasant Coöperation and Agrarian Reform in Rumania," Political Science Quarterly, 1920, vol. XXXV, pp. 1-29.
La Roumanie Économique.
* Léfeuvre-Méaulle H.: La Grèce, economique et financière.
Logio G. C.: Bulgaria: Problems and Politics.
* Nedelkovitch M.: Economic and Financial Review of the Kingdom of the Serbs, Croats and Slovenes.
"New Agrarian Legislation in Central Europe," in International Labour Review, September, 1922, pp. 345-63.

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