Global Competition for Long-Term Capital: Who Will Win?
Developing countries will have to rely on domestic savings to finance their economic growth as the supply of capital from wealthier nations will be constrained by their own capital needs and by their continued spending on social programs. The international capital markets will be highly competitive,...
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Published in | Business economics (Cleveland, Ohio) Vol. 31; no. 3; pp. 7 - 10 |
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Main Author | |
Format | Journal Article |
Language | English |
Published |
Basingstoke
National Association of Business Economists
01.07.1996
Springer Palgrave Macmillan |
Subjects | |
Online Access | Get full text |
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Summary: | Developing countries will have to rely on domestic savings to finance their economic growth as the supply of capital from wealthier nations will be constrained by their own capital needs and by their continued spending on social programs. The international capital markets will be highly competitive, and the winners will be those who are successful in sustaining high levels of economic growth and whose economic, legal and regulatory policies meet the concerns of foreign investors. |
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ISSN: | 0007-666X 1554-432X |