Bad investments and missed opportunities? Capital flows to Asia and Latin America, 1950-2007 by Lee E. Ohanian, Paulina Restrepo-Echavarria, Mark L. J. Wright published by Federal Reserve Bank of St. Louis (10/2014), indicated by Arthur Garbayo. “Theory predicts that capital should flow to countries where economic growth and the return to capital is highest. However, in the post-World War II period, per-capita GDP grew almost three times faster in East Asia than in Latin America, yet capital flowed in greater quantities into Latin America.”
Verificar em:
