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Money and Capital in Economic Development
Paperback
Business GeneralEconomicsGeneral Political Science
ISBN13: 9780815756132
Publisher: Brookings Institution Press
Published: Mar 1 1973
Pages: 200
Weight: 0.68
Height: 0.52 Width: 5.98 Depth: 9.30
Language: English
This books presents a theory of economic development very different from the stages of growth hypothesis or strategies emphasizing foreign aid, trade, or regional association. Leaving these aside, the author breaks new ground by focusing on the use of domestic capital markets to stimulate economic performance. He suggests a bootstrap approach in which successful development would depend largely on policy choices made by national authorities in the developing countries themselves.
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