Migration and International Investment

  • Brinley Thomas
Part of the International Economic Association Conference Volumes book series (IEA)


One of the interesting questions raised by the period ending in the 1920’s is the nature of the mechanism by which the economies of the leading countries reacted on one another. The subject has recently attracted a good deal of attention, but much work remains to be done before a satisfactory account can be given. We shall begin by examining the part played by movements of population and capital in the growth of the international economy up to 1913. Was there an automatic mechanism guaranteeing relative stability as long as migration continued? What are the main contrasts between the trends since 1945 and those of the nineteenth century? Is the rupture of the old relationship between international investment and international migration a cause of instability?


Foreign Investment Public Capital Fixed Capital International Investment Analytical Survey 
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  1. 2.
    A. K. Cairncross, Home and Foreign Investment, 1870–1913, Cambridge University Press, 1953, p. 208.Google Scholar
  2. 3.
    L. H. Jenks, ‘Railroads as an Economic Force in American Development’, Enterprise and Social Change, ed. F. C. Lane and J. C. Riemersma, Allen & Unwin, 1953, p. 169.Google Scholar
  3. 1.
    The figures in this paragraph are based on M. L. Weiner and R. Dalla-Chiesa, ‘International Movements of Public Long-term Capital and Grants, 1946–50’, International Monetary Fund Staff Papers, vol. iv, no. 1, September 1954, p. 116.Google Scholar

Copyright information

© International Economic Association 1958

Authors and Affiliations

  • Brinley Thomas
    • 1
  1. 1.University CollegeCardiffUK

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