By Mark Harrison
This e-book, the results of a global collaborative undertaking, offers a brand new quantitative view of the wartime fiscal studies of six nice powers: the united kingdom, the us, Germany, Italy, Japan and the USSR. A bankruptcy is dedicated to every nation, whereas the introductory bankruptcy offers a comparative evaluation. It goals to supply a textual content of statistical reference for these attracted to overseas and comparative financial historical past, the heritage of global battle II, the heritage of monetary coverage, and comparative monetary structures.
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Additional info for The Economics of World War II: Six Great Powers in International Comparison (Studies in Macroeconomic History)
2, in particular the use of 1938 income levels, correspond in a certain sense with the expectations of Axis military-economic policy. Before the war German and Japanese decision makers looked at the colonial spheres of their adversaries and saw them to be rich sources of labour and materials, which they expected to be able to take over intact and exploit to the full. At the same time, when they looked at their adversaries' home territories, they did not anticipate any very vigorous economic mobilization in response to Axis expansionism.
In 1941-2 the USSR lost 1,926,000 square kilometres of territory occupied on Jan. 1, 1939 by 84,852,000 people (TsSU (1959), 39) - say, 84 million as of mid-1938. 5 million of the 84 million, who must therefore be excluded to avoid double counting. The same applies to 948,000 of the 1,926,000 square kilometres. It is assumed that the 1938 GDP per head of the occupied territories was the same as for the USSR as a whole. Dutch colonies: the GDP per head of the Dutch East Indies is based on that of Indonesia.
8 shows percentages of national income mobilized by the six great powers. Such percentages may be calculated at both current and constant peacetime (prewar or postwar) prices, and mean something slightly different in each case. The degree of mobilization measured in current values takes into account changing relative scarcities of guns versus butter and their current priorities relative to each other, whereas a constant-price measure reflects their changing relative volumes from a peacetime welfare standpoint.
The Economics of World War II: Six Great Powers in International Comparison (Studies in Macroeconomic History) by Mark Harrison