Global Development Finance 2003: Analysis and Summary Tables
By World Bank.
Description
Since the late 1990s, an essential shift has taken place in the pattern of private sector financial flows to developing countries. Debt flows have fallen sharply, while equity flows—primarily in the form of foreign direct investment—have remained comparatively robust. The shift from debt to equity ought to diminish the volatility of developing countries' external finance and improve their access to technology, markets, and management expertise. However, much more needs to be done to put development finance on a stable basis. The report finds that an actual global business c...
ISBN(s)
0821354280, 9780821354285
