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THE FINANCIAL EXPERIENCE OF LENDERS AND INVESTORS
TREATMENT OF FOREIGN CAPITAL A CASE STUDY FOR JAPAN
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absorptive capacity Africa allocation American amount analysis assistance balance of payments bonds borrowing British capital inflow capital markets cent changes colonial Congo cost currency deficit demand direct investment discussion dollars domestic prices earnings economic development effects equilibrium equity exchange rate expenditure export external factors favour financial integration flow foreign aid foreign capital imports foreign exchange foreign investment funds growth ICOR import substitution income increase industrial countries inflation inflationary interest International Monetary Fund investors issues Japan Japanese Latin America lending less developed countries loans long-term marginal ment million monetary money supply OECD Onitiri overseas Pakistan paper period price level private capital private foreign problem production Professor Chenery Professor Mundell Professor Rosenstein-Rodan profits programme projects rate of return recipient countries regional repayment savings sector terms of trade tied aid tied credits transfer U.S. dollars underdeveloped countries Unilever United United Kingdom Zambia