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Textbook Site for:
Macroeconomics , Fifth Edition
William Boyes, Arizona State University
Michael Melvin, Arizona State University
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Read the World Bank's document entitled: "Lending for Industrial Technology: Lessons from Six Countries."

Questions

  1. Why is supplying loans for capital accumulation not enough to ensure that capital is used efficiently?
  2. Provide examples of the "incentives" that help to guarantee that capital is allocated efficiently.




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