| 000 -LEADER | |
|---|---|
| fixed length control field | 00959nam a22001097a 4500 |
| 100 ## - MAIN ENTRY--AUTHOR NAME | |
| Personal name | Ajayi, Ibi S Khan and Mohsin S |
| 245 ## - TITLE STATEMENT | |
| Title | External Debt and Capital Flight in Sub-Saharan Africa |
| 260 ## - PUBLICATION, DISTRIBUTION, ETC. (IMPRINT) | |
| Place of publication | Washington DC: |
| Name of publisher | IMF, |
| Year of publication | 2000. |
| 520 ## - SUMMARY, ETC. | |
| Summary, etc | It is generally expected that developing countries, facing a scarcity of capital, will acquire external debt to supplement domestic saving. The rate at which they borrow abroad the "sustainable" level of foreign borrowing depends on the links among foreign and domestic saving, investment, and economic growth. The main lesson of the standard "growth with debt" literature is that a country should borrow abroad as long as the capital thus acquired produces a rate of return that is higher than the cost of the foreign borrowing. In that event, the borrowing country is increasing capacity and expanding output with the aid of foreign savings. |
| 856 ## - ELECTRONIC LOCATION AND ACCESS | |
| Uniform Resource Identifier | http://www.imf.org/external/pubs/nft/2000/extdebt/ |
| 942 ## - ADDED ENTRY ELEMENTS (KOHA) | |
| Koha item type | Computer Files |
No items available.