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Essay Details:
Essay text:
The behaviour
of flows to emerging economies heavily influences both present and potential future flows to
low-income countries. The paper concludes with the policy implications at both source
countries and low-income recipient countries.
September 2002
* Institute of Development Studies, Sussex University
** London School of Economics
QEH Working Paper Series ? QEHWPS89 Page 2
Table of Contents
I Introduction
II New pattern and sharp decline of private flows
III Policy implications
QEH Working Paper Series ? QEHWPS89 Page 3
I Introduction
Since the Asian crisis, there has been a collapse in private capital flows to low-income
developing countries, and emerging economies alike, and sharp changes in the
composition of these flows...
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