long-term investment, as the Asian crisis of the late 1990s has proven. This book, the result of a joint project between … able to use policy to direct capital inflows into investment and thereby reduce the risk of instability in the financial …-oriented environment conducive to more sound external investment. The lessons of this book are as applicable in other regions of the world …

This paper describes the share of investment in fixed capital and working capital …

Horioka in 1980, economists have been studying the relationship between saving and investment with renewed vigor. Most of the … saving and investment. The other six countries may face macroeconomic instability in the long run because of the divergence … between saving rate and investment rate …

, we provide the first comparisons of savings in these two regions at the micro level using synthetic cohort techniques …