The Paradox of Capital: Is foreign capital associated with economic growth and, if not, why does it flow “uphill”? »
Series: Finance & Development
Author(s): International Monetary Fund. External Relations Dept.
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 19 March 2007
Keywords: finance, capital, monetary fund, capital flows, financial globalization, urbanization, urban poverty, press, slums, website
The Two Faces of Financial Globalization looks at the phenomenon of rising cross-border financial flows-credited with boosting growth in developing countries but also blamed for the emerging market crises of the la...