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Private savings flows and economic growth (English)

This report provides a review on private savings flows and economic growth. The importance of local savings for financing economic development needs little emphasis. In the long run, increases in income are directly related to increases in the stock of tools, machines, houses, factory buildings, schools, irrigation systems, roads, power plants, etc., that a country has at its disposal. The purpose of this paper is to illuminate some of the principal objectives with which the private part of a domestic savings program should be concerned and deals primarily with the individual and business components of total savings. The volume and composition of private savings is, of course, not independent of government decisions as to how much the community should save compulsorily and how the public revenues should be collected. Even if a government savings program takes this relationship into account, however, the problem of encouraging private savings and influencing its composition still remains. It is to this aspect of domestic savings that this paper is addressed.


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    Pre-2003 Economic or Sector Report

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    The World Region,

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    Private savings flows and economic growth

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Private savings flows and economic growth (English). Central Economics staff series,no. EC 31 Washington, D.C. : World Bank Group.