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.
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Length: 38 pages Date of creation: 1996 Date of revision: Handle: RePEc:fth:prinfi:80
Contact details of provider: Postal: International Finance Section, Department of Economics Princeton University, Princeton, New Jersey, U.S.A Phone: (609) 258-4000 Fax: (609) 258-6419 Email: Web page: http://www.econ.princeton.edu/ More information through EDIRC
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Find related papers by JEL classification: O19 - Economic Development, Technological Change, and Growth - - Economic Development - - - International Linkages to Development; Role of International Organizations F21 - International Economics - - International Factor Movements and International Business - - - International Investment; Long-Term Capital Movements
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