1. DISCUSSION OF PAPER BY E. M. BERNSTEIN.
- Author
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SAMMONS, ROBERT L.
- Subjects
FINANCIAL crises ,ECONOMIC development ,DEVELOPING countries ,FOREIGN assets ,LABOR productivity - Abstract
This article presents a discussion of E. M. Bernstein's paper about the financial problems of economic development. Bernstein discusses five facets of this problem: to decrease the size of the development program, to energize the inflow of foreign capital, to encourage domestic savings, to gather together the available resources, and to allocate the resources available to the private sector in a way that will stimulate the greatest increase in production. The author believes that this analysis leaves no room for argument.
- Published
- 1957
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