[lbo-talk] SK vs. NK

Doug Henwood dhenwood at panix.com
Sun Jan 9 10:09:05 PST 2005


Luke Weiger wrote:


>Citation?

I don't need a citation to say that free balance of payments financing in the range of 5% of GDP made a crucial difference in development - it's just a fact. Without it, SK would have had to impose domestic austerity or borrow large gobs of money abroad.

Doug



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