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...

This publication presents an investigation of the relationship between public and private investment and the focus is on the quality of public investment, its interaction with corruption, and the resulting impact on private investment.

The study reported here concentrates on a particular form of international corporate entry into developing countries : cross-border joint ventures (JVs). Although offering a variety of positive incentives, ranging in principle from the reduction of financial exposure to the acquisition of...