Search results for " financial resources"
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War and economics: Spanish civil war finances revisited
2010
This paper reviews how the Spanish civil war was financed. We present new evidence to show that the two combatant parties, the Republican government and the Franco administration followed similar financial strategies. In both cases money creation, rather than new taxes or the issue of debt, was the main mechanism used to cover the expenses of the war. We argue, contrary to the established knowledge, that both sides consumed a similar amount of domestic and foreign resources. We also argue that the Spanish Republic did not lose the war because of a lack of means. International factors, such as the Non-Intervention agreement promoted by France and Great Britain, and the military setbacks of t…
THE INVESTMENT POLITICS AND THE DIVERSIFICATION OF FINANCING RESOURCES IN ROMANIA
2011
A priority for Romania is to maintain an high investment rate, higher than the one of the EU member states, because these countries modernized their energetic, transport and public utility infrastructures, they developed their educational and the public health systems, they reduced the technological and informational differences, decades ago. Through the investment politics, Romania will continue to attract foreign investments, whose annual average was remarkable. For the financing of the investments, a diversification of the internal and external resources is necessary. The internal resources are based on the development of the saving instruments: the development of the market for transact…