De noodzaak om externe tekorten met elkaar in overeenstemming te brengen is echter minder sterk, vooral wanneer deze zijn veroorzaakt door leningen van de particuliere sector ten behoeve van grotere particuliere investeringen. ###>However, the case for bringing external deficits into line is less persuasive, particularly if they have arisen through private sector borrowing which is matched by a rise in private sector investment.