Publication Date: September 1989
Publisher: Heritage Foundation (Washington, D.C.)
Author(s): Edward L. Hudgins; Bryan T. Johnson
Research Area: Banking and finance
The World Bank is to be congratulated for this year’s annual World Development Report, which calls attention to the importance of financial systems to economic growth, to the damage that LDC governments have done to their economies by control of credit and the undermining of currencies, and to the kind of reforms needed if these systems in LDCs are to most effectively facilitate economic activities.