By Gerald A. Epstein
Capital flight - the unrecorded export of capital from constructing nations - frequently represents an important fee for constructing international locations. It additionally poses a puzzle for traditional financial thought, which might expect that poorer nations be importers of capital because of its shortage. this example is usually reversed, even though, with capital fleeing poorer nations for wealthier, capital-abundant locales. utilizing a standard technique for a suite of case stories at the dimension, explanations and outcomes of capital flight in constructing international locations, the participants deal with the level of capital flight, its results, and what will be performed to opposite it. Case stories of Brazil, China, Chile, South Africa, Thailand, Turkey and the center East offer wealthy descriptions of the capital flight phenomena in a number of contexts. the quantity features a distinctive description of capital flight estimation equipment, a bankruptcy surveying the impression of economic liberalization, and a number of other chapters on controls designed to resolve the capital flight challenge. the 1st booklet dedicated to the cautious calculation of capital flight and its historic and coverage context, this quantity could be of serious curiosity to scholars and students within the parts of foreign finance and fiscal improvement.
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