In this paper, reviews the theoretical and empirical literature on capital flight. First, discussed is the measurement of capital flight. Next, the provision of information on the magnitude as well as the"burden" of capital flight for a selected set of developing countries in four regions of the world (South Asia, East Asia, Sub-Saharan Africa and Latin America). Moreover, reviewed are the literature on the determinants of capital flight and provide an overview of empirical studies that have analysed the determinants of capital flight. In the light of the discussion of these determinants, we assess the prospects for flight capital reversal. The conclusion is by proposing some policy measures to stem continued capital flight and induce capital flight reversal.
Click on an image to view it in the image viewer
There are no comments for this item.