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World Economic and Social Survey 1996

Current Trends and Policies in the World Economy

image of World Economic and Social Survey 1996

Authoritative and reliable, the Survey is a detailed assessment of the state of the world’s economic and social situation. Its forecasts for the upcoming year and lucid description of national and international economic policies, emerging issues and trends make it ideal for the international businessman or economist. Issued annually, since 1948.

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Financial sector considerations in investment

For much of the post-war era, economists have relegated most policy discussions of imancial sector operations in developed and developing, centrally planned and transition economies to “microeconomic” analyses of investment. These are questions that concern the composition of investment expenditures and involve issues such as differential access to investment credit of large versus small firms, big-city versus rural needs, established versus start-up companies, public versus private sector borrowers, and so on. Yet “macroeconomic” investment questions — those concerning the total amount of investment in an economy — also can involve financial sector issues, such as arise when financial factors change the capacity or willingness of banks to lend to the business sector in a boom or recession, or during economic transition, or after an economic “shock”.

English

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