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Capital Flight from China, 1982-2001

In: Capital Flight and Capital Controls in Developing Countries

Author

Listed:
  • Andong Zhu
  • Chunxiang Li
  • Gerald Epstein

Abstract

Capital flight – the unrecorded export of capital from developing countries – often represents a significant cost for developing countries. It also poses a puzzle for standard economic theory, which would predict that poorer countries be importers of capital due to its scarcity. This situation is often reversed, however, with capital fleeing poorer countries for wealthier, capital-abundant locales. Using a common methodology for a set of case studies on the size, causes and consequences of capital flight in developing countries, the contributors address the extent of capital flight, its effects, and what can be done to reverse it.

Suggested Citation

  • Andong Zhu & Chunxiang Li & Gerald Epstein, 2005. "Capital Flight from China, 1982-2001," Chapters, in: Gerald A. Epstein (ed.), Capital Flight and Capital Controls in Developing Countries, chapter 10, pages 262-286, Edward Elgar Publishing.
    • Handle: RePEc:elg:eechap:3513_10
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    File URL: https://www.elgaronline.com/view/edcoll/9781781008058/9781781008058.00019.xml
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    Cited by:

    1. Philip R. Lane & Sergio L. Schmukler, 2006. "The international financial integration of China and India," Proceedings, Federal Reserve Bank of San Francisco, issue Jun.

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