Tag Archives | Economic Development

Deficit Financing and Economic Development

After reading this article you will learn about deficit financing as a tool of economic development. Deficit financing is an extraordinary fiscal device of development finance in modern times. In developed countries J.M. Keynes, popularized this concept, with a view to fight and control depression which is often accompanied by unemployment. Prof. J.M. Keynes, through […]

Capital Market and Economic Development of a Country

Capital, although scarce, is needed for the economic development of a country. Capital formation in the form of domestic capital formation, foreign direct investment and/or foreign aid is necessary to increase gross national product (GNP). Therefore, in all developing countries, a high rate of capital formation is aimed to achieve objectives of development plans. Financial […]

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