Capital flight and capital controls in Developing Countries by Gerald A. Epstein

By Gerald A. Epstein

Capital flight - the unrecorded export of capital from constructing international locations - frequently represents an important rate for constructing international locations. It additionally poses a puzzle for normal monetary concept, which might are expecting that poorer nations be importers of capital because of its shortage. this example is usually reversed, even if, with capital fleeing poorer international locations for wealthier, capital-abundant locales. utilizing a standard technique for a collection of case reports at the dimension, factors and effects of capital flight in constructing international locations, the individuals deal with the level of capital flight, its results, and what could be performed to opposite it. Case experiences of Brazil, China, Chile, South Africa, Thailand, Turkey and the center East supply wealthy descriptions of the capital flight phenomena in a number of contexts. the amount features a specific description of capital flight estimation equipment, a bankruptcy surveying the impression of monetary 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 ancient and coverage context, this quantity can be of significant curiosity to scholars and students within the components of overseas finance and monetary improvement.

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D. This indicator is defined as the percentage of 15- to 24-year-olds who correctly identify the two major ways of preventing the sexual transmission of HIV (using condoms and limiting sex to one faithful, uninfected partner), who reject the two most common local misconceptions about HIV transmission, and who know that a healthy-looking person can transmit HIV. However, since there are currently not a sufficient number of surveys to be able to calculate the indicator as defined above, UNICEF, in collaboration with UNAIDS and WHO, produced two proxy indicators that represent two components of the actual indicator.

Edition), all historical data presented are based on the same country grouping. Republic of Yemen. Data for the Republic of Yemen Low-income economies are those with a GNI per refer to that country from 1990 onward; data for capita of $735 or less in 2002. Middle-income than those specified. • Data for years that are more than three years from the range shown are footnoted. The cutoff date for data is February 1, 2004. 2004 World Development Indicators xxvii 1 WORLD VIEW T he Millennium Development Goals put the world community on a time table.

Three regions—East Asia and Pacific, Europe and Central Asia, and Latin America and the Caribbean—are on track to achieve the goal. Many countries in these regions have already reached the target. China, Mexico, and Russia are at or near full enrollment. Others, such as Brazil, Bulgaria, and Laos made rapid progress in the 1990s and are likely to reach the target by 2015. But three regions, with 150 million primary school-age children, are in danger of falling short. Sub-Saharan Africa lags farthest behind, with little progress since 1990.

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