Illicit Financial Flows from Developing Countries-2002-2006 Global Financial Integrity-Executive Report
- Washington DC: GFI, 2008.
- 42p.
The literature on "flight capital" is rich and varied but far from thorough or complete. The term flight capital is most commonly applied in reference to money that shifts out of developing countries, usually into western economies. Motivations for such shifts are usually regarded as portfolio diversification or fears of political or economic instability or fears of taxation or inflation or confiscation. All of these are valid explanations for the phenomenon, yet the most common motivation appears to be, instead, a desire for the hidden accumulation of wealth.
