Abstract
The governments of almost all developing countries are facing the long-term twin problems of capital shortages and high fiscal debts, resulting from their attempts to modernize the state forms and economic and financial relations left by colonialism or copied from western political culture. Whether they claimed to be of the left or the right ideologically, they almost invariably undertook policies to attract foreign investment and encourage domestic private investors to join the global industrialization competition during the twentieth century.
Original language | English |
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Journal | Monthly Review |
Volume | 63 |
Issue number | 9 |
Publication status | Published - 1 Jan 2012 |