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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Bibliographic Details
Published inBusiness economics (Cleveland, Ohio) Vol. 31; no. 3; pp. 7 - 10
Main Author Wolf, Charles
Format Journal Article
LanguageEnglish
Published Basingstoke National Association of Business Economists 01.07.1996
Springer
Palgrave Macmillan
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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.
ISSN:0007-666X
1554-432X