Long, Ngo van
This is a theoretical study of some basic aspects of foreign
investment (and foreign borrowing) and natural resource exploitation.
Our emphasis is on optimal planning and regulation but the consequences
of the lack of social interventions are also pointed out.
Whether a community should plan for more or less consumption
for future generations depends not only on its rate of time preference
but also the cost of foreign borrowing. It also is warned that even
for a small country, the Fisher...[Show more]
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