Summary and conclusions

The problems faced by the developing countries in financing their economic growth may be very simply stated. In order to increase the volume of goods and services available to its population, a developing country has to expand its productive capacity. This means devoting more of its resources to capital formation and adjusting its level of consumption accordingly. Increasing the rate of investment in an economy with a relatively low degree of industrialization involves ensuring both the necessary level of saving and the necessary volume of foreign exchange for importing the required plant and equipment. It also entails the provision of the necessary volume and assortment of other resources, including human skills, to complement the available capital. And in all three respects serious obstacles have to be overcome.

Sustainable Development Goals:

Decent Work and Economic Growth

Industry, Innovation and Infrastructure

Climate Action