Ben D. Kritz

A recently released United Nations report, “World Economic Situation and Prospects 2017” (WESP 2017), makes an observation that has attracted a bit of attention from academia and non-governmental organizations, but which is completely unsurprising: Most of the capital flows in the developing world are actually flowing the wrong way, and where they are finding their way to developing countries, they are almost never used for actual “development.”

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