Capital flight and capital controls in developing countries

edited by Gerald A. Epstein (Professor of Economics and Co-Director, Political Economy Research Institute (PERI), University of Massachusetts-Amherst, US)

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

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Year of publication:	2005
Other Persons:	Epstein, Gerald A. (ed.)
Institutions:	Edward Elgar Publishing (publisher)
Publisher:	Cheltenham, UK : Edward Elgar Publishing
Subject:	Kapitalflucht \| Capital flight \| Kapitalverkehrskontrolle \| Capital controls \| Entwicklungsländer \| Developing countries \| Schwellenländer \| Emerging economies \| Südafrika \| South Africa \| Türkei \| Turkey \| Thailand \| Brasilien \| Brazil \| Mittlerer Osten \| Middle East \| China

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Extent:	1 Online-Ressource (xiii, 343 pages) illustrations
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Aufsatzsammlung
Language:	English
Notes:	Includes bibliographical references and index Contents: Preface -- Part I: Setting the stage -- 1. Introduction -- / gerald epstein -- 2. Capital account liberalization, growth and the labor share of income: Reviewing and extending the cross-country evidence -- / kang-kook lee and arjun jayadev -- 3. Capital flight: Meanings and measures -- / edsel l. Beja, jr. -- Part II: Capital flight: case studies -- 4. Capital flight from South Africa, 1980-2000 -- / seeraj mohammed and kade finnoff -- 5. The determinants of capital flight in Turkey, 1971-2000 -- / anil duman, hakki c. Erkin and fatma gül unal -- 6. Capital flight from Thailand, 1980-2000 -- / edsel l. Beja, jr., pokpong junvith and jared ragusett -- 7. A class analysis of capital flight from Chile, 1971-2001 / Burak Bener and Mathieu Dufour -- 8. Capital flight from Brazil, 1981-2000 -- / deger eryar -- 9. A development comparative approach to capital flight: The case of the middle east and north Africa, 1970-2002 -- / abdullah almounsor -- 10. Capital flight from China, 1982-2001 -- / andong zhu, chunxiang li and gerald epstein -- Part III: Policy issues -- 11. Regulating capital flight -- / eric helleiner -- 12. Capital management techniques in developing countries -- / gerald epstein, ilene grabel and sundaram kwame jomo -- 13. Africa's debt: Who owes whom? -- / james k. Boyce and léonce ndikumana -- Index.
ISBN:	978-1-78100-805-8 ; 978-1-84376-931-6 ; 978-1-84542-762-7
Other identifiers:	10.4337/9781781008058 [DOI]
Classification:	Entwicklungsökonomie
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10014474001