The Capitalist Challenge: THE SHORTAGE OF MONEY

A ROUND the world, the chances for investment abound (see Capital Opportunities). But too often there is no capital to invest. As President Marcus Wallenberg of Stockholm's Enskilda Bank pointed out to the conference delegates, the demands for investment funds have far outrun the savings from which the capital must come.

The rate of capital formation (i.e., reinvested savings) is easiest to express as a percentage of gross national product. On this basis the U.S. saves 17%, the same as France, and slightly more than Britain's 15%. But West Germany saves 22%, Canada 24%,...

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