000			00798nam a2200121Ia 4500
005			20260716043424.0
100			_aWilliamson, John
245			_aIssues regarding the composition of capital flows
260			_c2001
520			_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.
583			_c6/22/01 _kJOY_D
942			_cA
999			_c46934 _d46934