Capital Flight and Capital Controls in Developing Countries »

Epstein (economics, U. of Massachusetts) and colleagues look at connections between financial liberalization, financial crises, and capital flight in the 1980s and 1990s during the rise of neoliberalism. Opening chapters set the context with an overview of the impacts of capital account liberalization on income distribution and growth and an description of the common methodology used to derive quantitative estimates of capital flight in the subsequent case studies involving South Africa, Turkey, Thailand, Chile, Brazil, the Middle East and North Africa, and China. These case studies are followed by papers suggesting measures for reducing capital flight and its associated costs, including international rules and institutions for the identification and recovery of flight capital, capital management techniques for regulating capital inflows and outflows, and the cancellation of odious debt. Annotation ©2005 Book News, Inc., Portland, OR