Global Development Finance 2001 tracks the annual movement of international capital flows to developing countries, and discusses selected analytical and policy issues in international finance for developing countries. International financial flows to developing countries are probably more valuable than traditionally thought - and the prospects for using them more effectively continue to improve. These resource transfers from rich countries to poor ones create investment opportunities, and influence development, by stimulating improvements in the policies and institutions of developing countries. They can thus reinforce those countries' efforts to raise productivity and increase efficiency in the economy.
Transcript & powerpoint presentation from Washington D.C. launch.
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"The financial crises of the late 1990s were amplified by volatile capital flows.While the risks associated with volatility are considerable, this report shows that over the medium term capital flows can reinforce growth and reduce poverty in developing countries that nurture strong, open investment climates. Private flows tend to stay away from countries with inhospitable business conditions, and favor those best able to use them for positive growth."
—Nicholas Stern, Former World Bank Chief Economist and Senior Vice President
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