Optimal Patterns of Growth and Aid The Case of Pakistan
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.
Year of publication: |
1966
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Authors: | CHENERY, HOLLIS B. ; MACEwAN, ARTHUR |
Published in: |
The Pakistan Development Review. - Pakistan Institute of Development Economics. - Vol. 6.1966, 2, p. 209-242
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Publisher: |
Pakistan Institute of Development Economics |
Saved in:
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