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Mobilizing External Resources in Developing Asia: Structural Adjustment and Policy Reforms

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  • Maxwell J. Fry

Abstract

Over the past decade, the flow of foreign capital to developing countries has declined precipitously. The inflow of foreign capital to finance balance-of-payments deficits on current account depends both on a country’s desire to spend more than its income and on the willingness of the rest of the world to finance the concomitant current account deficit. In other words, foreign capital inflows are determined simultaneously by both the demand for and the supply of foreign savings…

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  • Maxwell J. Fry, 1991. "Mobilizing External Resources in Developing Asia: Structural Adjustment and Policy Reforms," Asian Development Review (ADR), World Scientific Publishing Co. Pte. Ltd., vol. 9(02), pages 14-39.
    • Handle: RePEc:wsi:adrxxx:v:09:y:1991:i:02:n:s0116110591000088
    DOI: 10.1142/S0116110591000088
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