Export credits to under-developed countries on a multilateral basis

Authors

  • ERREZERO ERREZERO

DOI:

https://doi.org/10.13133/2037-3643/11978

Keywords:

Underdeveloped countries, economic development, capital, policy, credit, bilateral, multilateral export credit

Abstract

Developing and underdeveloped countries should be defined as those in which the existing capital does not fully absorb the available manpower, and a significant share of workers are employed in activities that make use of antiquated and inefficient production techniques. The very low incomes that derive from unemployment and inefficient employment concern two thirds of the worlds population. As a consequence, capital imports are the prime necessity of a development policy. The article reviews recent trends of finance for development comparing bilateral and multilateral systems.


JEL: F35, O24

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How to Cite

ERREZERO, E. (2014). Export credits to under-developed countries on a multilateral basis. PSL Quarterly Review, 12(50). https://doi.org/10.13133/2037-3643/11978

Issue

Vol. 12 No. 50 (1959)

Section

Editorial

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