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UNICEF Social Inclusion, Policy and Budgeting

Financial Markets and Developments

Cover Image
AUTHOR Joseph E. Stiglitz
ORGANIZATION Oxford Review of Economic Policy
TYPE Journal Article
DATE 1989
TOPIC Child poverty and disparities

Earlier literature on the development process stressed the importance of capital accumulation and the role of financial institutions in that process. This paper stresses the importance of the processes and institutions by which capital is allocated and the resulting uses to which it is put.                 

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