Boosting savings and investment key to unlocking growth in developing countries
The article discusses how saving, investment, and growth are interconnected in developing countries. It highlights that saving doesn't always come before investment and growth, and that investment and innovation are crucial for economic growth. The authors suggest that public savings can increase national savings, foreign savings can support domestic investment, and market interest rates may not necessarily boost private savings. They also emphasize the importance of a supportive policy environment for promoting investment and growth in developing economies.