01166nam a22001337a 4500 Solimano, Andrés Watts, Nathalie International Migration, Capital Flows and the Global Economy: a Long Run View Chile United Nations 2005 40p Historically, periods of increased trade and capital mobility have been also accompanied by more intense labor mobility across national borders. Conversely, in periods of global instability, stagnation, nationalism and more restrictive policies toward migration and capital mobility we observed less action in global factor markets. The first wave of globalization from around 1870 to 1913 was a period in which capital and labor were both free to move internationally. The interwar period with its economic turbulence, political disarray and rising nationalism witnessed both a movement towards reduced intercontinental migration and more chaotic and diminished capital Brain Drain Capital Inflow Capital Outflow http://iffoadatabase.trustafrica.org/iff/international_migration,_capital_flows_and_the_global_economy-_a_long_run_view.pdf CF 150 150