Investment, trade liberalisation and structural adjustment
用理论模型分析贸易自由化和国际收支约束对投资的影响，解释为何发展中国家对世界银行结构调整贷款的投资反应令人失望，并指出政策改革对投资的促进作用不如表面明显。
The disappointing investment response in developing countries to World Bank Structural Adjustment Lending (SALs) is considered in the light of a theoretical model of the impact of trade liberalisation and tightening balance‐of‐payments constraints on investment. The policy reforms under SALs are not as conducive to increased investment as they may appear to be at first sight. The tendency of countries to apply for SALs when confronted with serious balance‐of‐payments disequilibrium is also an important factor. However, there is no evidence that SALs are associated with a downward shift in the investment function.