Abstract
This essay deals with the saving and investment trends in the east Asian economies. They generated high rates of saving and used the resources productively. The high rates of saving reflect high rates of both private saving and public sector saving. The high investment rate was not only due to high saving rate, but also a relatively high level of inflow of foreign direct investment in some, backed by the policy of openness to trade and investment.
Journal Information
The Economic and Political Weekly, published from Mumbai, is an Indian institution which enjoys a global reputation for excellence in independent scholarship and critical inquiry. First published in 1949 as the Economic Weekly and since 1966 as the Economic and Political Weekly, EPW, as the journal is popularly known, occupies a special place in the intellectual history of independent India. For more than five decades EPW has remained a unique forum that week after week has brought together academics, researchers, policy makers, independent thinkers, members of non-governmental organisations and political activists for debates straddling economics, politics, sociology, culture, the environment and numerous other disciplines.
Publisher Information
First published in 1949 as the Economic Weekly and since 1966 as the Economic and Political Weekly, EPW, as the journal is popularly known, occupies a special place in the intellectual history of independent India. For more than five decades EPW has remained a unique forum that week after week has brought together academics, researchers, policy makers, independent thinkers, members of non-governmental organisations and political activists for debates straddling economics, politics, sociology, culture, the environment and numerous other disciplines.
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The private sector has played a significant role in India's growth since the economy was opened up in 1991. Image: REUTERS/Amit Dave
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Global Agenda
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Published on Wednesday, April 14, 2021 | Updated on Wednesday, April 14, 2021 In the long run, countries with higher private investment experience higher rates of growth. Therefore, good public policies that encourage permanent
increases in private investment rates lead to increases in long-term economic growth and welfare.Key points
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EWPrivate_Investment_and_GDP_growthWB.pdf English April 14, 2021
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