Capital flight and capital controls in Developing Countries by Gerald A. Epstein

By Gerald A. Epstein

Capital flight - the unrecorded export of capital from constructing international locations - frequently represents an important fee for constructing nations. It additionally poses a puzzle for traditional financial idea, which might are expecting that poorer international locations be importers of capital because of its shortage. this example is usually reversed, although, with capital fleeing poorer international locations for wealthier, capital-abundant locales. utilizing a typical technique for a suite of case reviews at the measurement, explanations and results of capital flight in constructing nations, the individuals deal with the level of capital flight, its results, and what may be performed to opposite it. Case reports of Brazil, China, Chile, South Africa, Thailand, Turkey and the center East offer wealthy descriptions of the capital flight phenomena in a number of contexts. the quantity contains a certain description of capital flight estimation tools, a bankruptcy surveying the influence of economic liberalization, and a number of other chapters on controls designed to unravel the capital flight challenge. the 1st ebook dedicated to the cautious calculation of capital flight and its historic and coverage context, this quantity may be of serious curiosity to scholars and students within the components of overseas finance and fiscal improvement.

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This implies the belief on the part of the actor that a causal relationship exists between his or her decision, or act, and the state of affairs he or she desires. In this sense much of our everyday social lives and our work activities are 32 8483 Chapter 3 p28-46 26/6/02 3:09 pm Page 33 The Role of Theory in Research Methods in essence theory-dependent activities. Now this clearly illustrates the conjectural and practical aspects of theory, since people act in accordance with their expectations, or prejudices, as to what will happen in particular circumstances – conjectures often derived from impressions regarding what has previously happened in similar circumstances.

Jankowicz in Business Research Projects for Students. Also L. F. Locke, W. W. Spiriduso and S. J. Silverman in their book Proposals that Work: A Guide for Planning Dissertations and Grant Proposals give some helpful insight into writing research proposals for different audiences whether the research is quantitative or qualitative. Similarly, K. Howard and J. A. Sharp’s The Management of a Student Research Project is especially helpful in introducing systematic techniques to many aspects of getting research projects under way.

Intriguingly this lament, which is an example of what Grey and Mitev call management technicism (1995, pp. 77–8), resonates with the archaic Platonic–Aristotelian view that theoretical knowledge was knowledge acquired for its own sake, rather than for some use. Both Plato and Aristotle severed theory from practice in the sense that they distinguished between episteme (genuine theoretical knowledge that was an end in itself) and doxa (opinions or beliefs suitable only for the conduct of practical affairs).

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