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Item Details
Title:
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CAPITAL FLIGHT AND CAPITAL CONTROLS IN DEVELOPING COUNTRIES
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By: |
Gerald A. Epstein (Editor) |
Format: |
Hardback |
List price:
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£126.00 |
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further information.
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ISBN 10: |
184376931X |
ISBN 13: |
9781843769316 |
Publisher: |
EDWARD ELGAR PUBLISHING LTD |
Pub. date: |
27 May, 2005 |
Pages: |
360 |
Description: |
Epstein (economics, U. of Massachusetts) and colleagues look at connections between financial liberalization, financial crises, and capital flight in the 1980s and 1990s during the rise of neoliberalism. Opening chapters set the context with an overview of the impacts of capital account liberalization on income distribution and growth and an descri |
Synopsis: |
Capital flight - the unrecorded export of capital from developing countries - often represents a significant cost for developing countries. It also poses a puzzle for standard economic theory, which would predict that poorer countries be importers of capital due to its scarcity. This situation is often reversed, however, with capital fleeing poorer countries for wealthier, capital-abundant locales. Using a common methodology for a set of case studies on the size, causes and consequences of capital flight in developing countries, the contributors address the extent of capital flight, its effects, and what can be done to reverse it. Case studies of Brazil, China, Chile, South Africa, Thailand, Turkey and the Middle East provide rich descriptions of the capital flight phenomena in a variety of contexts. The volume includes a detailed description of capital flight estimation methods, a chapter surveying the impact of financial liberalization, and several chapters on controls designed to solve the capital flight problem. The first book devoted to the careful calculation of capital flight and its historical and policy context, this volume will be of great interest to students and scholars in the areas of international finance and economic development. |
Publication: |
UK |
Imprint: |
Edward Elgar Publishing Ltd |
Returns: |
Returnable |
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Ramadan and Eid al-Fitr
A celebratory, inclusive and educational exploration of Ramadan and Eid al-Fitr for both children that celebrate and children who want to understand and appreciate their peers who do.
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