International Finance and Income Convergence : Europe is Different /

Recent studies conclude that the ongoing global financial integration may have had little or no value in advancing economic growth, especially in poor countries. Capital is often found to flow "uphill" from poor to rich countries. And, when it does flow into the less developed economies, i...

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Bibliographic Details
Main Author: Leigh, Daniel
Other Authors: Abiad, Abdul, Mody, Ashoka
Format: Journal
Language:English
Published: Washington, D.C. : International Monetary Fund, 2007.
Series:IMF Working Papers; Working Paper ; No. 2007/064
Online Access:Full text available on IMF