The self-financing of industrial development in developing markets, case studies in: Brazil, South Africa, India and China

Jana Mudrovna
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Jana Mudrovna: Corporate Strategy and Industrial Development research programme, School of Economic and Business Sciences, University of the Witwatersrand, Johannesburg, South Africa

Working papers from Financialisation, Economy, Society & Sustainable Development (FESSUD) Project

Abstract: This paper provides an overview of alternative sources of financing for industrial development in four emerging countries: Brazil, South Africa, India and China. The paper analyses in particular the mechanisms used to mobilise domestic resources, including savings and foreign exchange reserves as well as channels for their allocation to the real economy. It is argued that these four countries have the capacity to employ fiscal and monetary policies for domestic resource mobilisation; however, due to financialisation, the way that investment is allocated is not always beneficial for industrial development.

Keywords: Self-financing; domestic resource mobilisation; industrial development; Brazil; India; China; South Africa (search for similar items in EconPapers)
Pages: 72 pages
Date: 2016-04-30
New Economics Papers: this item is included in nep-ger
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