External Resources for Development and International Capital Markets

Stanley W. Black

Asian Development Review (ADR), 1991, vol. 09, issue 01, 1-14

Abstract: Consideration of the role of external resources in economic development requires analysis of both their use and their availability. The first part of this article considers the use of external resources in development, from the point of view of their role in the economy in relation to domestic resources and from the perspective of the conditions in domestic financial markets that are conducive to the appropriate use of external resources. The second part discusses the availability of external resources from international capital markets based on recent data and projections in the light of current international economic conditions.

Date: 1991
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DOI: 10.1142/S0116110591000015

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