Stabilizing Capital Flows to Developing Countries: the Role of Regulation

Stephany Griffith-Jones and Jenny Kimmis

Chapter 9 in Regulating International Business, 1999, pp 161-182 from Palgrave Macmillan

Abstract: Abstract The deep integration of developing countries into the global economy has many advantages and positive effects. In particular, capital flows to developing countries have clear and important benefits. For example, appropriate foreign direct investment can bring long-term benefits such as employment, technological know-how and access to markets. Other external flows may also have important positive micro-economic effects, such as lowering the cost of capital for creditworthy firms. At a macro-economic level, foreign capital flows can complement domestic savings, leading to higher investment and growth; this is very valuable for low-savings economies, but may be less helpful to high-savings economies like those of East Asia.

Keywords: Mutual Fund; Institutional Investor; Capital Flow; Capital Inflow; Asian Crisis (search for similar items in EconPapers)
Date: 1999
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-27738-4_9

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DOI: 10.1007/978-1-349-27738-4_9

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