Word: toed
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Dates: during 1950-1959
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International attention has been attracted by the analytical device. Both advanced economies and underdeveloped countries have adopted Leontief's mode to answer specific questions that are pertinent to them. Underdeveloped countries are primarily interested in it for planning purposes; while advanced economies, particularly in Europe, are employing it to help...
Soon after World War II Italy, Holland, and Norway evolved their own charts. In Italy, under the Marshall Plan and private sponsorship, a table was developed to answer questions about the entire Italian economy and to assist in understanding the problems of relatively underdeveloped Southern Italy.
Norway and Holland were largely interested in solving import-export problems, and used the new system along with their national income accounts to see what effect a shift in the trade balance would have on industry. Several South American nations, including Argentina, Peru, Chile, and Equador are also using Leontief...
The Russians have also manifested interest in input-output analysis, and are now training people to perform the necessary operations. Leontief, who visited his native Russia briefly last spring, believes that although they are "having a hard time justifying the use of an analytical tool developed by a capitalist," the...
Underdeveloped countries also have to overcome difficulties in formulating tables to use for planning. Although their economies are relatively uncomplicated, problems do arise in the collection of data, according to Mrs. E. W. Gilboy, assistant director of the Research Project and lecturer in Economics. Another difficulty for them is collecting...