Foreign Direct Investment and Capital Flight

Chander Kant

Princeton Studies in International Economics from International Economics Section, Departement of Economics Princeton University,

Abstract: Despite the incresing importance of foreign direct investment for developing countries, little attention has been given to its financial effects in general or its relation to capital flight in particular. It has been found that 31 to 40 percent of the private external borrowing guaranteed by developing-country governments leaves as capital flight.

Keywords: CAPITAL MARKET; FOREIGN INVESTMENTS; DEVELOPING COUNTRIES; CAPITAL MOVEMENTS (search for similar items in EconPapers)
JEL-codes: F21 O19 (search for similar items in EconPapers)
Pages: 38 pages
Date: 1996
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Citations: View citations in EconPapers (45)

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Persistent link: https://EconPapers.repec.org/RePEc:fth:prinfi:80

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