The Grey World of Capital Movements
By Herbert Poenisch
July 2014 UTTER ECONOMICS
Building connectivity does not only mean maximising the movement of goods. The movement of people and their wealth, not to mention corporations and their capital, are central to the global economy. But what does capital flows – and capital flight – mean?The mobility of people and capital are guaranteed pillars of the global economy. Advocates argue that this freedom allows individuals to express in very concrete terms their dissatisfaction with a certain government or a certain system by moving their...
Herbert Poenisch
is a retired senior economist at the Bank for International Settlements.
