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Adjustment to external shocks: East Asia’s success examined

Adjustment to external shocks: East Asia’s success examined »

Source: Finance & Development, December 1984

Volume/Issue: 21/4

Series: Finance & Development

Author(s): International Monetary Fund. External Relations Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 December 1984

ISBN: 9781616353599

Keywords: balance of payments, domestic savings, income distribution, aggregate demand, external borrowing

This paper reviews the increasing private capital flows to less developed countries. The share of developing countries in the foreign direct investment is small, perhaps less than 30 percent of the total. The effec...