These investments in recent years have financed a range of technologies, including devices designed to unclog arteries, rebuild heart valves, monitor body functions from within, limit chronic pain and spinal problems and treat sleep dysfunction, acid reflux, epilepsy and diabetes.

The investment by the American automobile maker's Automotive Components Group will finance several new plants, said Mark McCabe, the group's European president.

To put it another way, a country that attracts enough foreign investment "both to service debt and to finance growth" must, by definition, buy more goods and services than it sells--that is, run a trade deficit.

Krugman responded in "The East Is in the Red" by observing that countries attracting enough foreign investment "both to service debt and to finance growth" must be running trade deficits.

When he needed to attract investments to finance mortgages on property vital to the work of the movement, his response was to set up the Army's own bank.

The excess of capital is bad news for wealthy economies, especially as it is happening when aging populations in Japan, Europe and the United States need good investments to finance retirement.

Developing nations need massive infusions of capital, and developed countries need the exports the investments would finance.

The investment advisory firm said Friday its $1.1 billion buyout fund had financed the Old Bond Street Corporation's $180 million purchase of SmithKline Beecham's Yardley fragrance unit.

Over the same period, investment financed through leasing increased from 15.4% to 32.9% of total UK investment.

His investment has financed thousands of scientific research projects, many of which have changed our world.