Author : Mr.Eduardo Borensztein
Publisher : International Monetary Fund
ISBN 13 : 1451964951
Total Pages : 35 pages
Book Rating : 4.4/5 (519 download)
Book Synopsis Savings, Investment, and Growth in Eastern Europe by : Mr.Eduardo Borensztein
Download or read book Savings, Investment, and Growth in Eastern Europe written by Mr.Eduardo Borensztein and published by International Monetary Fund. This book was released on 1991-06-01 with total page 35 pages. Available in PDF, EPUB and Kindle. Book excerpt: Even modest investment rates may achieve satisfactory rates of growth in the reforming economies of Eastern Europe because their relative capital scarcity implies high rates of productivity for capital. The most serious obstacle to private investment is uncertainty about the reform process, which can potentially rule out all but the most profitable projects. This problem sharply increases the payoff from accelerating the structural reform process. Regarding savings, critical aspects are the changes in methods of financing resulting from economic reform, and the availability of foreign savings, both in the form of loans and foreign direct investment.