Capital Flow Conundrum (Dadush and Stancil)

The capital flow conundrum by Uri Dadush and Bennett Stancil, published by VOXEU. “Economists and policymakers alike tend to assume that capital should flow from rich to poor countries, but in recent years the opposite has happened. The column explains why and warns that developing countries should not assume they or should run large current deficits simply because they are poor.”