Since the early 1970s foreign direct and portfolio equity investment flows into developing countries, although continuing to increase in absolute terms, have been relatively less important than in previous years, as foreign private capital flows have been dominated by debt-creating bank credit.
2. Seven Major Borrowers and Non-Oil Developing Countries: Payments on Direct Investment and Interest on External Debt, 1973–83
3. Developing Countries: Rates of Return on U.S. Direct Investment and Related Variables, 1973–82
4. Selected Non-Oil Developing Countries: Nominal GDP Growth and Rates of Return on Foreign Direct Investment, 1974–82
5. Selected Non-Oil Developing Countries: Nominal GDP Growth and Interest Rates on Outstanding External Debt, 1974–82
The following symbols have been used throughout this paper:
… to indicate that data are not available;
— to indicate that the figure is zero or less than half the final digit shown, or that the item does not exist;
between years or months (e.g., 1979-81 or January-June) to indicate the years or months covered, including the beginning and ending years or months;
“Billion” means a thousand million.
Minor discrepancies between constituent figures and totals are due to rounding.
This study was prepared in the Research Department of the International Monetary Fund. Its author, David Goldsbrough, is an economist in the Developing Country Studies Division of the Research Department. The paper has benefited from comments by other staff members and by members of the Executive Board of the Fund. However, the opinions expressed are those of the author and do not necessarily represent the views of other staff members or of Executive Directors.