Summary and Conclusions

  • Philipp Harms


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.


Foreign Direct Investment American Economic Review Capital Flow Capital Mobility Capital Inflow 
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Copyright information

© Springer Science+Business Media New York 2000

Authors and Affiliations

  • Philipp Harms
    • 1
  1. 1.University of KonstanzGermany

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