Series: IMF Working Papers
Author(s): Daniel Leigh , Abdul Abiad , and Ashoka Mody
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 March 2007
Keywords: growth, convergence, current account, current account deficit, current account balance, current accounts, Economic Growth of Open Economies, Financial Aspects of Economic Integration,
Recent studies conclude that the ongoing global financial integration may have had little or no value in advancing economic growth, especially in poor countries. Capital is often found to flow "uphill" from poor to...