External Debt, Unilateral Transfers and Kleptocracy in Latin America

Markos Mamalakis

Chapter 9 in The Latin American Debt, 1992, pp 146-151 from Palgrave Macmillan

Abstract: Abstract Ever since the days of Adam Smith, David Ricardo and John Stuart Mill, capital accumulation has been considered the motor as well as the handmaiden of economic development. Furthermore, savings have been assigned a critical role within capital accumulation as they make possible, whether through waiting or abstinence, the production of capital goods needed for gross and net investment.

Keywords: Capital Market; Capital Accumulation; Debt Crisis; Labour Household; External Debt (search for similar items in EconPapers)
Date: 1992
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DOI: 10.1007/978-1-349-12051-2_10

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