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Books > Business & Economics > Economics > Macroeconomics > Monetary economics
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Foreign Capital In Developing Economies - Perspectives from the Theory of Economic Growth (Hardcover)
Loot Price: R2,869
Discovery Miles 28 690
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Foreign Capital In Developing Economies - Perspectives from the Theory of Economic Growth (Hardcover)
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The object of this volume is to evaluate the pattern and the
function of foreign capital in developing countries in a long
perspective. The main conceptual instruments employed are the
theory of economic growth, and the techniques associated with
recent advances in growth econometrics. Empirical work points out
that there is no mechanical trade-off between the short-term
dangers and the long-run gains from capital market integration, but
the growth benefits of foreign capital in transforming economies
are conditional on an effective destination of the resources.
Over-borrowing and excessive consumption are the main pitfalls in
the short as in the long run. Nevertheless, foreign capital can be
conducive of faster growth and possibly higher welfare.
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