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Capital flight and capital controls in developing countries / edited by Gerald A. Epstein.

Contributor(s): Epstein, Gerald A.
Material type: TextTextPublisher: Cheltenham, UK ; Northampton, MA : Edward Elgar, c2005Description: xiii, 343 p. : ill. ; 25 cm.ISBN: 184376931X (hbk.); 9781843769316 .Subject(s): Capital movements -- Developing countriesDDC classification: 332.0424091724 Online resources: WorldCat details | E-book Fulltext
Contents:
Table of contents Part one - Setting the stage -- Introduction / Gerald Epstein -- Capital account liberalization, growth and the labor share of income: reviewing and extending the cross-country evidence / Kang-kook Lee and Arjun Jayadev -- Capital flight: meanings and measures / Edsel L. Beja, Jr. -- Part two - Capital flight: case studies -- Capital flight from South Africa, 1980-2000 / Seeraj Mohammed and Kade Finnoff -- The determinants of capital flight in Turkey, 1971-2000 / Anil Duman, Hakki C. Erkin and Fatma Gül Unal -- Capital flight from Thailand, 1980-2000 / Edsel L. Beja Jr., Pokpong Junvith and Jared Ragusett -- A classs analysis of capital flight from Chile, 1971-2000 / Burak Bener and Mathieu Dufour -- Capital flight from Brazil, 1981-2000 / Deger Eryar -- A development comparative approach to capital flight: the case of the Middle East and North Africa, 1970-2002 / Abdullah Almounsor -- Capital flight from China, 1982-2001 / Andong Zhu, Chunxiang Li and Gerald Epstein -- Part three - Policy issues -- Regulating capital flight / Eric Helleiner -- Capital management techniques in developing countries / Gerald Epstein, Ilene Grabel and Sundaram Kwame Jomo -- Africa's debt: who owes whom? / James K. Boyce and Léonce Ndikumana.
Summary: Summary: "Capital flight - the unrecorded export of capital from developing countries - often represents a significant cost for developing countries. It also poses a puzzle for standard economic theory, which would predict that poorer countries be importers of capital due to its scarcity. This situation is often reversed, however, with capital fleeing poorer countries for wealthier, capital-abundant locales. Using a common methodology for a set of case studies on the size, causes and consequences of capital flight in developing countries, the contributors address the extent of capital flight, its effects, and what can be done to reverse it." "Case studies of Brazil, China, Chile, South Africa, Thailand, Turkey and the Middle East provide rich descriptions of the capital flight phenomena in a variety of contexts. The volume includes a detailed description of capital flight estimation methods, a chapter surveying the impact of financial liberalization, and several chapters on controls designed to solve the capital flight problem." "The first book devoted to the careful calculation of capital flight and its historical and policy context, this volume will be of great interest to students and scholars in the areas of international finance and economic development."--BOOK JACKET.
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Item type Current location Collection Call number Copy number Status Date due Barcode Item holds
E-Book E-Book EWU Library
E-book
Non-fiction 332.0424091724 CAP 2005 (Browse shelf) Not for loan
Text Text EWU Library
Reserve Section
Non-fiction 332.0424091724 CAP (Browse shelf) C-1 Not For Loan 17078
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Online version:
Capital flight and capital controls in developing countries.
Cheltenham, UK ; Northampton, MA : Edward Elgar, c2005
(OCoLC)647633593

Includes bibliographical references and index.

Table of contents Part one - Setting the stage --
Introduction / Gerald Epstein --
Capital account liberalization, growth and the labor share of income: reviewing and extending the cross-country evidence / Kang-kook Lee and Arjun Jayadev --
Capital flight: meanings and measures / Edsel L. Beja, Jr. --
Part two - Capital flight: case studies --
Capital flight from South Africa, 1980-2000 / Seeraj Mohammed and Kade Finnoff --
The determinants of capital flight in Turkey, 1971-2000 / Anil Duman, Hakki C. Erkin and Fatma Gül Unal --
Capital flight from Thailand, 1980-2000 / Edsel L. Beja Jr., Pokpong Junvith and Jared Ragusett --
A classs analysis of capital flight from Chile, 1971-2000 / Burak Bener and Mathieu Dufour --
Capital flight from Brazil, 1981-2000 / Deger Eryar --
A development comparative approach to capital flight: the case of the Middle East and North Africa, 1970-2002 / Abdullah Almounsor --
Capital flight from China, 1982-2001 / Andong Zhu, Chunxiang Li and Gerald Epstein --
Part three - Policy issues --
Regulating capital flight / Eric Helleiner --
Capital management techniques in developing countries / Gerald Epstein, Ilene Grabel and Sundaram Kwame Jomo --
Africa's debt: who owes whom? / James K. Boyce and Léonce Ndikumana.

Summary:
"Capital flight - the unrecorded export of capital from developing countries - often represents a significant cost for developing countries. It also poses a puzzle for standard economic theory, which would predict that poorer countries be importers of capital due to its scarcity. This situation is often reversed, however, with capital fleeing poorer countries for wealthier, capital-abundant locales. Using a common methodology for a set of case studies on the size, causes and consequences of capital flight in developing countries, the contributors address the extent of capital flight, its effects, and what can be done to reverse it." "Case studies of Brazil, China, Chile, South Africa, Thailand, Turkey and the Middle East provide rich descriptions of the capital flight phenomena in a variety of contexts. The volume includes a detailed description of capital flight estimation methods, a chapter surveying the impact of financial liberalization, and several chapters on controls designed to solve the capital flight problem." "The first book devoted to the careful calculation of capital flight and its historical and policy context, this volume will be of great interest to students and scholars in the areas of international finance and economic development."--BOOK JACKET.

Economics

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