Poor countries can finance development through internal money creation.

Evidence

In reality, poor countries can finance their development without reducing their consumption and without relying on foreign capital. If you want to mobilise internal resources, the easiest way to do it is through money creation. Germany and China, two countries that have experienced rapid and spectacular economic progress, eloquently illustrate the power of money creation. — Fanny Pigeaud_ Ndongo Samba Sylla, Africa’s Last Colonial Currency, 142 (#corroborates, via linked claim)

Categorization

• XREF: connects to: Financing local food production would save rather than deplete African foreign reserves; Poor countries can finance development through domestic money creation — Fanny Pigeaud_ Ndongo Samba Sylla, Africa’s Last Colonial Currency, 142

Related

• Poor countries can finance development through domestic money creation (similarity 0.97)
• Financing local food production would save rather than deplete African foreign reserves (similarity 0.83)

Broader Connections

• Poor countries can finance development through domestic money creation #corroborates (0.95) — Fanny Pigeaud_ Ndongo Samba Sylla, Africa’s Last Colonial Currency, 142