For two centuries from the start of the industrial revolution, capital habitually flowed out of developed countries to the less developed parts of the world to finance infrastructure, utilities and other fixed capital investment.
You must be logged in to view premium stories.
Take out a print and online or online only subscription and you will get immediate access to:
To get access to premium content subscribe today
Alternatively REGISTER for a free trial to access up to 4 articles and sign up for email alerts