| Summary: | The purpose of this study is to show not only how export credit insurance schemes may offset the credit risks of the individual exporter and promote a revival of trade, but, also, in what manner such schemes under government sponsorship may become concealed political mechanisms that distort the pattern of trade to serve nationalistic ends. Various schemes of export credit insurance, both private and governmental, are examined and compared in order to establish some common identities of purpose, organization, and operation. Since the Export Credits Insurance Corporation in Canada has only been in operation three and a half years, it is difficult to make a good prediction of the future direction of its activities on the basis of past results as revealed in the Annual deports from 1946 on. Yet, an analysis of the available data may be attempted and the results compared with the data from the longer established organizations abroad. This much, I hope that I have done. I wish to acknowledge the assistance that I received from Mr. D. C. Taylor, Economist for the Export Credits Insurance Corporation, who was kind enough to furnish me with the basic material for this study. Needless to say, I am indebted to Dr. D. B. Marsh for reading the drafts and for his encouragement throughout the period of writing. However, I assume full responsibility for errors and omissions that may be found in this study. In apology, if this is necessary, I must point out that the work is an introductory study of export credit insurance and I do not pretend to have exhausted all that can be said on this subject.
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