Capital Without Borders

'Capital without Borders' examines the implications of financial liberalization on recipients of large volumes of capital inflows.

This volume examines different facets of international capital movements - the role of openness, the implications of large inflows of foreign capital and the impact of regulatory frameworks - from the point of view of the global South.

This volume examines a plethora of issues related to international capital flows, including the inevitable crisis that arises from the absorption of large volumes of capital inflow; the vast difference between foreign portfolio investment and foreign direct investment (FDI) from the point-of-view of the recipient country; the impact of different regulatory mechanisms; and various policy options for developing countries in the face of fluid international capital movements.