Developing economies were traditionally conceived as economies where capital was scarce with respect to labor and land. Capital scarcity was explained by different reasons, such as low domestic savings propensities (the poor were too poor to save and the rich consumed like their counterparts in developed economies), international exploitation (as in theories of imperialism), and so on. Nowadays these theories face the problem of having developing economies actually exporting savings to developed countries. In development theory, as in all macroeconomics, the concept of savings has been diffcult to grasp, with different authors talking at cross purposes. Financing development, in particular, is surrounded by conceptual and analytical inconsistencies, which responds for at least part of the confusion that reigns in this subdiscipline. This paper tries to dispel some of these confusions by exploring the different meanings of the term "financing" and examining what each one implies for the discussion of overcoming development (itself, in fact, a rather equivocal term, as the paper also suggests).
If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
Volume (Year): 38 (2009)
Issue (Month): 4 (December)
|Contact details of provider:|| Web page: http://mesharpe.metapress.com/link.asp?target=journal&id=110909 |
When requesting a correction, please mention this item's handle: RePEc:mes:ijpoec:v:38:y:2009:i:4:p:5-24. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Chris Nguyen)The email address of this maintainer does not seem to be valid anymore. Please ask Chris Nguyen to update the entry or send us the correct address
If references are entirely missing, you can add them using this form.