The Role Of International Movements of Private Capital in Promoting Development

  • Felipe Pazos
Part of the International Economic Association Conference Volumes book series (IEA)


Capital is transferred from savers to investors through different institutional channels and instruments that have different natures and perform different functions.1 For this reason, a distinction is made in this paper between the different channels through which the international movements of private capital usually flow. A separate treatment is given to each.


Foreign Investment Direct Investment Bank Loan International Movement Financial Transaction 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.


Unable to display preview. Download preview PDF.

Unable to display preview. Download preview PDF.


  1. Commonwealth of Australia Treasury, Private Overseas Investment in Australia, Supplement to the Treasury Information Bulletin, May 1965, Canberra, ACT.Google Scholar
  2. Banque Nationale de Belgique, ‘Les Investissements belges et étrangers au Congo’, Bulletin d’information et de Documentation, XXVII Année, vol. 1, No. 3, Mars 1952, pp. 174–181.Google Scholar
  3. Joseph Conrad, Heart of Darkness, J. M. Dent & Sons, London (1902).Google Scholar
  4. S. H. Frankel, Capital Investment in Africa, OUP, London, New York, 1938.Google Scholar
  5. André Gide, Voyage au Congo, Gallimard, (Paris, 1927).Google Scholar
  6. Lord Hailey, An African Survey, Rev. 1956, OUP, London, New York, 1957.Google Scholar
  7. E. S. Mason, A. M. Kamarck, et al., The Economic Development of Uganda, Published for I.B.R.D. by Johns Hopkins Press, Baltimore (1962).Google Scholar
  8. L. M. Lachmann,’ Investment Repercussions’, QJE, vol. lxii, 1948, pp. 698–713.CrossRefGoogle Scholar
  9. OECD, The Flow of Financial Resources to Less Developed Countries, 1956–1963, Paris, 1964.Google Scholar
  10. U.K., Secretary of State for the Colonies, Colonial Development and Welfare Acts, Cmd. 672, February 1959, London, H.M.S.O. (1959).Google Scholar
  11. Charles Wilson, The History of Unilever, 2 volumes, Cassell, London, 1954.Google Scholar

Copyright information

© International Economic Association 1967

Authors and Affiliations

  • Felipe Pazos
    • 1
  1. 1.Organization of American StatesUSA

Personalised recommendations