Saturday, February 28, 2004

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How Strong a Supporter of International Capital Mobility Can I Still Be?

The fact that the flow of capital seemed more to go from poor to rich than from rich to poor, that capital flowed by and large to capital-abundant regions like the United States, was disturbing. International capital mobility was supposed to add to, not drain, the pool of funds financing development in peripheral countries.

Brad DeLong's weblog is recommended for those interested in macroeconomics with a focus on the US.

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