Argentina. I will argue that understandingquot; the changing relations in international capital markets offers important … integration in history informs current conditions in the relationship betweenquot; capital-scarce economies, like Argentina, and … change suggest likelyquot; implications for future saving, investment, and international capital flows.quot …

in the twentieth century. It proceeds with some general" observations and with a special focus on the case of Argentina … in history informs current conditions in the relationship between" capital-scarce economies, like Argentina, and the … likely" implications for future saving, investment, and international capital flows." …

, which is that even though global financial markets appear to be integrated, levels of saving and investment are correlated …