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Surpluses for a Capital-hungry World

In: Economic Development and World Debt

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  • Paul Streeten

Abstract

The high growth rate of Japan has been upheld as a model for the more tired economies of Great Britain and the US. While Japan’s GNP grew annually by 4.3 per cent between 1980 and 1985, the average growth rate of other industrial countries was only 2.2 per cent. The US growth rate declined from 6.6 per cent in 1984 to 2.3 per cent in 1985.

Suggested Citation

  • Paul Streeten, 1989. "Surpluses for a Capital-hungry World," Palgrave Macmillan Books, in: H. W. Singer & Soumitra Sharma (ed.), Economic Development and World Debt, chapter 2, pages 23-26, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-20044-3_2
    DOI: 10.1007/978-1-349-20044-3_2
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