Mobilizing domestic resources for development - Chapter IV

Chia sẻ: Nguyen Nhi | Ngày: | Loại File: PDF | Số trang:32

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Mobilizing domestic resources for development - Chapter IV

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The architects of the post-war international economic system had recognized the need for official financing to counteract the insufficiency of private capital flows and, since the 1960s, there has been an increasing perception of the need to support developing countries, an issue that became embedded in the politics of decolonization and the cold war. The surge of private financing to developing countries beginning in the 1970s and the end of the cold war generated an increasing realization that the era of official development financing had passed. However, the vagaries of private capital flows during the 1980s and, again, since the...

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