00798nam a2200121Ia 450000500170000010000210001724500540003826000090009252005330010158300190063494200060065399900170065920260716043424.0  aWilliamson, John  aIssues regarding the composition of capital flows  c2001  aConsiders the composition of capital flows to developing countries.  Argues that accessing FDI, portfolio equity or long-term loans, as opposed to short-term loans, is well worth the additional cost, because of advantages in terms of risk-sharing, access to intellectual property, impact on investment, and lesser vulnerability to capital flow reversal.  Discusses the extent to which authorities control appropriate policy levers and concludes with a brief look at the composition of capital outflows from developing countries.  c6/22/01kJOY_D  cA  c46934d46934