What matters for future living standards, of course, is how much a nation invests in new technology, plants and equipment.

Western nations have been giving financial aid and "investing" in poor countries for decades.

In addition, a nation can invest more in domestic capital than it saves by borrowing from other countries.

The nation has invested in this new airplane to monitor hurricanes.

There is already a broad consensus that the nation is investing too little.

Officials said 20 nations had invested a total of $180 million in equipment for the research craft, while Russia provided $122 million.

Western nations, however, should invest more in the third world, he concedes.

It will gut research and development at a time when other nations are investing heavily and rapidly.

The three nations involved have already invested millions of dollars and plan new contractual negotiations.

I believe that all nations must subscribe to policies of sustainable economic development and invest in renewable energy sources.