Trends in Private Investment in Developing Countries. Statistics for 1970-94

F-Z Jaspersen, A-H Aylward and M-A Sumlinski

Working Papers from World Bank - International Finance Corporation

Abstract: During the 1980s, the correction of external imbalances in developing countries was, for the most part, accompanied by large cuts in investment rather than increases in domestic savings. Lower levels of investment were accompanied by lower growth rates. Many heavily indebted and other economically troubled countries implemented comprehensive stabilization and structural adjustment programs under the guidance of the World Bank and the IMF that were designed to restore government budget and external current account balances while realiging resource allocation in national economies toward internationally competitive prices structures.

Keywords: INTERNATIONAL INVESTMENT; CAPITAL MOVEMENTS; DEVELOPING COUNTRIES (search for similar items in EconPapers)
JEL-codes: F21 O1 (search for similar items in EconPapers)
Pages: 50 pages
Date: 1995
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Citations: View citations in EconPapers (1)

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