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Flight Capital and its Reversal for Development Financing

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External Finance for Private Sector Development

Part of the book series: Studies in Development Economics and Policy ((SDEP))

Abstract

Capital flight remains one of the enigmatic policy and academic issues of the day. Although from the end of the 1980s and early 1990s the debt crisis appeared to be contained and attention to the capital flight phenomenon waned, capital flight still remains a serious problem in a number of countries.The most pronounced concern among policymakers, researchers and the key stakeholders in economic development is that in most developing countries which are riddled with heavy debt burdens, foreign exchange shortages, transient and chronic poverty, capital flight amounts to a substantial proportion of the very resources which are essential for financing economic growth and reversing the perverse economic trends.1

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Authors
  1. Niels Hermes
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  2. Robert Lensink
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  3. Victor Murinde
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Editor information

Editors and Affiliations

  1. UNU/WIDER, Finland

    Matthew Odedokun

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© 2004 United Nations University

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Hermes, N., Lensink, R., Murinde, V. (2004). Flight Capital and its Reversal for Development Financing. In: Odedokun, M. (eds) External Finance for Private Sector Development. Studies in Development Economics and Policy. Palgrave Macmillan, London. https://doi.org/10.1057/9780230524132_7

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