Money and capital in economic development /

By:

McKinnon, Ronald I

Material type: Text

TextPublication details: Washington, Brookings Institution c1973Description: xii, 184 pISBN:

0815756143
0815756135 (pbk.)

Subject(s):

DDC classification:

338.9 MCK

LOC classification:

HD82 .M334

Summary: 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.

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Holdings
Item type	Current library	Collection	Call number	Status	Date due	Barcode
Monograph & others	CBN HQ Library General Stacks	Non-fiction	338.9 MCK (Browse shelf(Opens below))	Available		31008100146543

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.

lje 20/09/2018

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