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"...external assistance plays the dual role of making resources available for both investment and import. The former supplements domestic saving while the latter, by raising the specific resource limit, increases the productive use of under-utilized domestic resources, hence their effective mobilization for investment.The effectiveness of external assistance depends, in the short run, upon how its use relieves critical domestic shortages and, in the long run, upon how the additional output is used to raise saving and export. The former is a function of the adaptation of the structure of the economy to the inflow of external resources, while the latter is a function of the appropriate allocation of additional output to alternative uses. The effectiveness of external assistance, therefore, is closely connected with the planning and development strategies the recipient countries use for the allocation of the available

resources..."

Title Development and Growth Economics (Hardcover)
Author
Publisher সংহতি প্রকাশন
ISBN
Edition 2015
Number of Pages 299
Country Bangladesh
Language English,

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