The article explores what causes current account deficits in developing countries. It looks at a wide range of economic factors and uses data from 44 developing countries between 1966-95. The researchers found that current account deficits tend to stick around for a while, and that when a country's economy grows, its deficit usually grows too. Temporary increases in saving can help reduce the deficit, but permanent changes don't make much difference. Also, temporary changes in things like trade terms or exchange rates can lead to bigger deficits, but permanent changes don't have a big impact. Lastly, when rich countries grow faster or international interest rates go up, developing countries tend to have smaller deficits.