Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/2425
Authors: 
Nunnenkamp, Peter
Year of Publication: 
2000
Series/Report no.: 
Kiel Working Papers 981
Abstract: 
Germany's role in financing economic development in Asia on a sustainable basis leaves much to be desired. Direct investors are still underrepresented in the region. Commercial banks have fueled speculative bubbles. Official development financing does not appear to be based on efficiency-related criteria. As concerns development financing in the new millennium, the challenge for relatively advanced emerging market economies is mainly to restructure private capital inflows in order to soften boom and bust cycles. Official development financing needs major reforms in order to promote economic growth, alleviate poverty and support good governance in low-income developing countries.
Subjects: 
official development assistance
private capital flows
JEL: 
F35
F30
Document Type: 
Working Paper

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