Summary and Conclusions
This book has presented a variety of empirical facts and theoretical models on the determinants and effects of capital flows to developing countries. It has shown that international investment can be a crucial factor in releasing poor economies from a stage of low and unstable growth, and it has offered an explanation why, despite profitable investment opportunities and potential benefits from international diversification, many developing countries attract only low volumes of private capital flows.
KeywordsCovariance Income Volatility OECD Peru
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