The Liberalization of Capital Outflows in CIBS: What Opportunities for Other Developing Countries?

Ricardo Gottschalk and Cecilia Azevedo Sodre

No RP2008-68, WIDER Working Paper Series from World Institute for Development Economic Research (UNU-WIDER)

Abstract: This paper examines the implications of the liberalization of capital outflows in China, India, Brazil, and South Africa (CIBS) for other developing countries. It focuses on their prospects of attracting not only foreign direct investment (FDI), but also portfolio capital flows from CIBS. To inform the discussion, two steps are taken: first, in order to identify the type of capital flows that might come from CIBS, the paper briefly describes capital account liberalization measures undertaken by CIBS to date and future intended liberalization.

Keywords: History of capital markets; Foreign investments; Trade regulation (search for similar items in EconPapers)
Date: 2008
New Economics Papers: this item is included in nep-cwa, nep-dev, nep-lam and nep-opm
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Persistent link: https://EconPapers.repec.org/RePEc:unu:wpaper:rp2008-68

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