In many contexts extra investment is seen as socially more desirable than extra consumption, while private investment is seen as more productive than public investment. Since private investment has invariably been very scarce in socialist Africa, it is therefore increasingly becoming a natural objective of government policy. This paper argues that the private investment response is likely to be highly policy-dependent, and that in many circumstances it will be socially sub-optimal.
Weitere Kapitel dieses Buchs durch Wischen aufrufen
- The Impact of Liberalisation on Private Investment
Jan Willem Gunning
- Palgrave Macmillan UK