Word: inflow
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...more. There are three cogent reasons why this is true. First, however well contrived its fiscal and monetary policies, it cannot save enough from its own resources to provide the capital needed for any significant degree of development. Secondly, even under the most favorable circumstances, exports plus private capital inflow cannot be expected to pay for even a minimum feasible level of imports for a good many years. This fact is fully supported by the experience of Korea and Taiwan. The arithmetic supporting these statements is included in the Appendix. It must be emphasized that the amounts needed will...
...combination of rich oil deposits and relative political stability has long lured investment money and technology to Venezuela. Largely on the strength of this inflow of cash and know-how from the U.S. and elsewhere, the country's living standard has risen to the highest level in South America. Lately, however, a tide of economic nationalism aimed at minimizing outside control of domestic resources has been on the flow in Latin America. Oil investment has been a frequent casualty. Argentina, Brazil, Chile, Mexico and Bolivia have put their oil-producing industries under state ownership. In Peru, the largest...
...brief speculative spree last May seem mild by comparison. Already there are enough dollars circulating in the Eurodollar market to empty out Fort Knox several times over. The deeper danger is that European governments will clamp stern controls on the international exchange of money-particularly on the inflow of dollars-and that the U.S. will put equally rigid controls on the import of goods. In Washington, there is much discussion of imposing surtaxes on imports. Any of these steps would damage the system of free trade and investment, which has done so much to promote postwar economic growth. A much...
...past, when Thailand's role in the war guaranteed a steady inflow of money, bureaucratic lethargy was tolerable. Even corruption did not prove too great a drain. No longer. Having opted for a modern economy, Thailand needs a new sense of purpose before anything like the good old days will return...
...floating mark would foul up the Common Market's system of farm price supports, which assumes set relationships between the currencies of the Market's six member nations. Bundesbank President Karl Klasen contended that Germany should instead clamp on tight exchange controls in order to stop the inflow of unwanted dollars. The government could, for example, forbid citizens to borrow abroad and order commercial banks not to pay interest on dollar deposits...