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Introduction to Part V

J. B. Donges
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J. B. Donges: University of Kiel

Chapter 18 in Structural Change, Economic Interdependence and World Development, 1987, pp 267-273 from Palgrave Macmillan

Abstract: Abstract Going hand in hand with the worldwide deceleration of economic growth over the past ten years has been increasing concern with the global supply of capital. Almost everywhere in the world there is a great need for capital formation via autonomous investments in industrial countries, which are made in advance of current demand, and via induced investments in developing countries which are carried out to meet given demand. Increased capital formation is required in order to accelerate economic growth, to overcome persistent unemployment, to adjust to changes in the international division of labour, to apply new technology, and to allow for effective pollution abatement.

Keywords: Real Interest Rate; International Capital Market; Domestic Saving; East European Country; Debt Problem (search for similar items in EconPapers)
Date: 1987
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Persistent link: https://EconPapers.repec.org/RePEc:pal:intecp:978-1-349-09117-1_18

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DOI: 10.1007/978-1-349-09117-1_18

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