TITLE

Comments and Discussion: Susan M. Collins

AUTHOR(S)
Prasad, Eswar S.; Rajan, Raghuram G.; Subramanian, Arvind
PUB. DATE
March 2007
SOURCE
Brookings Papers on Economic Activity;2007, Issue 1, p210
SOURCE TYPE
Academic Journal
DOC. TYPE
Article
ABSTRACT
This article presents comments and discussion on "Foreign Capital and Economic Growth," a paper presented at the Brookings Panel on Economic Activity on March 29 and 30, 2007. The relationship between foreign capital inflows and growth among non-industrialized economies is explored along with the overriding question of whether foreign capital plays a helpful, benign, or malign role in economic growth. The author discusses the Lucas puzzle, how capital tends to flow uphill from poorer to richer countries, and the allocation puzzle in which capital does not flow into the countries that are growing most rapidly.
ACCESSION #
26650520

 

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