How important is sound domestic macroeco
โ
Graham Bird
๐
Article
๐
1999
๐
John Wiley and Sons
๐
English
โ 201 KB
Many developing countries face deยฎciencies of domestic saving and foreign exchange. With foreign aid declining in real terms it becomes increasingly important to ask what they can do to attract private capital. Without capital inยฏows, shortages of external ยฎnancing are likely to constitute an eectiv