Introduction to Part V

Abstract

Going hand in hand with the worldwide deceleration of economic growth over the past ten years has been increasing concern with the global supply of capital. Almost everywhere in the world there is a great need for capital formation via autonomous investments in industrial countries, which are made in advance of current demand, and via induced investments in developing countries which are carried out to meet given demand. Increased capital formation is required in order to accelerate economic growth, to overcome persistent unemployment, to adjust to changes in the international division of labour, to apply new technology, and to allow for effective pollution abatement.