Optimal Patterns of Growth and Aid The Case of Pakistan

Hollis Chenery and Arthur MACEwAN
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Hollis Chenery: Harvard University
Arthur MACEwAN: Harvard University

The Pakistan Development Review, 1966, vol. 6, issue 2, 209-242

Abstract: One of the principal means for poor countries to accelerate their development is by using external resources to supply additional imports and to finance a higher level of investment. While this policy offers substantial benefits, it also requires that the structure of the economy be adapted to accommodate the expected resource inflow over a substantial period of time. For this reason, the extent of reliance on external capital-public and private-becomes one of the critical elements of development strategy.

Date: 1966
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