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03

Capital Flows To Third World Countries

   
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Title: Capital Flows To Third World Countries
 
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Subject: Business
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Date: January 5, 2004
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Length: 68 / 19037
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This would imply that the presence of foreign companies, banks and other investors in developing economies would no longer contribute foreign exchange or external savings to these economies; their only contribution would be via transfers of technology, management know-how and other expertise...
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The latter is clearly important, particularly for certain categories of countries ? such as low-income and transition economies. However, much of the value of foreign presence for developing countries is in the blend of both capital flows and transfer of expertise...
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