Problems of capital market formation in market economies
- Author: United Nations Conference on Trade and Development
- Main Title: Trade and Development Report 1987 , pp 37-68
- Publication Date: December 1987
- DOI: https://doi.org/10.18356/3afe7e9b-en
- Language: English
Both developing countries and developed market-economy countries have experienced a marked slow-down of investment and growth since the beginning of the 1980s. However, the constraints confronting them have been very different. The developing economies have been dominated by a sharp reduction in external resource availabilities, both earned and borrowed, which has imposed acute stagflationary and budgetary pressures, prompting a severe tightening of macroeconomic policy.
© United Nations
ISBN (PDF):
9789210602907
Book DOI:
https://doi.org/10.18356/1ef6a88e-en
Related Subject(s):
International Trade and Finance
Sustainable Development Goals:
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