Money and capital in economic development /
McKinnon, Ronald I.
Money and capital in economic development / - Washington, Brookings Institution c1973 - xii, 184 p.
Includes bibliographical references.
This book makes a major contribution to the analysis of economic development. The author both establishes that the main causes of underdevelopment reside in economic repression by restricted, uncompetitive money, goods, and foreign exchange markets and explains why some 'orthodox' measures of reform have failed to bring economic efficiency and growth. McKinnon advances theoretical arguments and empirical evidence to suggest that a more effective strategy for economic growth would proceed from a thorough liberalisation of financial markets and the lifting of restraints on foreign trade.
0815756143 0815756135 (pbk.)
Economic development.
Finance.
Capital.
HD82 / .M334
338.9 / MCK
Money and capital in economic development / - Washington, Brookings Institution c1973 - xii, 184 p.
Includes bibliographical references.
This book makes a major contribution to the analysis of economic development. The author both establishes that the main causes of underdevelopment reside in economic repression by restricted, uncompetitive money, goods, and foreign exchange markets and explains why some 'orthodox' measures of reform have failed to bring economic efficiency and growth. McKinnon advances theoretical arguments and empirical evidence to suggest that a more effective strategy for economic growth would proceed from a thorough liberalisation of financial markets and the lifting of restraints on foreign trade.
0815756143 0815756135 (pbk.)
Economic development.
Finance.
Capital.
HD82 / .M334
338.9 / MCK