Economics, Econometrics and Finance
8 years ago

Why Capital Stays Put: Solving the Mystery of Global Investment Flow

Macat Library eBooks
Why Doesn't Capital Flow from Rich to Poor Countries?
Robert E. Lucas

Paper Summary

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The article "Why Doesn't Capital Flow from Rich to Poor Countries?" by Robert Lucas explores why capital doesn't move from wealthy to less wealthy nations as expected. Despite the theory that capital should flow to poorer countries due to better returns on investment, this isn't happening. Lucas offers four possible explanations for this paradox, using critical thinking and evidence to support his ideas.