Finance and Development, June 1971.
This paper examines the difference between 'capital' and 'investment' for developing countries. The paper highlights that investment in material capital is merely one of the factors involved in economic development and that current expenditures on health, education, agricultural...
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| Format: | Journal |
| Language: | English |
| Published: |
Washington, D.C. :
International Monetary Fund,
1971.
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| Series: | Finance and Development; Finance and Development ;
No. 0008/002 |
| Online Access: | Full text available on IMF |
| Summary: | This paper examines the difference between 'capital' and 'investment' for developing countries. The paper highlights that investment in material capital is merely one of the factors involved in economic development and that current expenditures on health, education, agricultural extension, family planning, research, management training, and so on, may be equally important or even more important than investment in capital. The paper offers a brief historical survey, drawing attention to factors leading to the development of a market where savers and investors are brought together. |
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| Item Description: | <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required |
| Physical Description: | 1 online resource (61 pages) |
| Format: | Mode of access: Internet |
| ISSN: | 0145-1707 |
| Access: | Electronic access restricted to authorized BRAC University faculty, staff and students |