The potential rate of growth of least developed countries and possibility of financing it Cover Image

Potencjalne tempo wzrostu gospodarczego krajów LDC i możliwość jego sfinansowania
The potential rate of growth of least developed countries and possibility of financing it

Author(s): Grzegorz Romanowski
Subject(s): Economy
Published by: Łódzkie Towarzystwo Naukowe

Summary/Abstract: The least developed countries still cannot achieve the rate of growth of Gross Domestic Product enabling them to diminish the income gap between them and other countries. To realize this, the rate of growth must be faster. There exists the potential in this respect. To accomplish this the productive capacities in LDC must be enlarged through the investment process. The rate of gross investment must increase substantially. This means that the resource gap appears, that is necessary to finance the investment. This resource gap must be closed it the whole growth acceleration process in the LDC is to be realized. The external resources must play the main role in closing the gap, especially Official Development Assistance and Direct Foreign Investments. But to make the eventuall inflow of these external resources effective many of their present faults must be removed.

  • Issue Year: 2007
  • Issue No: 75
  • Page Range: 173-192
  • Page Count: 20
  • Language: Polish