ABSTRACT

I had originally itended to devote more space to this chapter than I have finally done, but after scrutinizing the statistics in greater detail I have decided to shorten my study. Indeed it has seemed to me that because the estimates for some countries are uncertain and for many others entirely lacking, any lengthy treatment of the subject must be largely arbitrary. The chapter will consist of three parts:

Capital formation and imports of capital equipment

Financial aid

Growth and level of national product or national income