Almost a quarter of a century ago, Robert Lucas posed the simple question: “Why does capital flow from poor to rich countries?” (Lucas 1990).
Why does capital flow from poor to rich countries?
Daniel Gros, 26 August 2013
The capital flow conundrum
Uri Dadush, Bennett Stancil, 5 July 2011
The belief that capital should be moving from rich, capital-abundant countries, to poor, capital scarce ones is so widespread that it has practically become a creed (Lucas 1990, Summers 2010, and Wolf 2010).
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