Capital flows to developing economies: implications for saving and investment

Article Abstract:

Capital flows to developing countries during the past two decades have been used to finance current account deficits and have been directed towards investment and not consumption. Capital inflows have also been relegated to a small number of countries, particularly those in Latin America and Asia. There is very little correlation among the various types of capital inflows, either across countries or within countries across time. There is also no association between increased receipts of portfolio capital or bank loans are not associated with increase inflows of foreign direct investments.

Research, Developing countries, Capital investments, Capital movements

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Comments and discussion

Article Abstract:

The collapse of a country's currency does not necessarily mean that their macroeconomic policies are not effective. Most countries in the east Asia region are not guilty of overspending. Liberalization of local markets must be done carefully so as not to raise the risk of a major crisis. More focus should have been given to capital convertibility. Foreign investors inject money into the national economy and should be encouraged to continue capital inflows.

Evaluation, Economic policy

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Economic growth in East Asia: accumulation versus assimilation

Article Abstract:

Several papers have investigated the economy of East Asia, which had an average growth per capita GDP of 4% from 1960 to 1994, in order to discover how it was able to have such an impressive performance. The analyses, however, have not reached an agreement on whether the economic growth was due to the high rates of capital accumulation or to the region's assimilation of technology from the industrialized countries.

National Income & Expenditure, Analysis, Economic development

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