Globalization and private capital movements

Third World Quarterly

Volumn 21, Issue 6, 2000, Pages 943-961

  Rasiah, Rajah ^a  

^a UNIVERSITI KEBANGSAAN MALAYSIA   (Malaysia)

Author keywords

[No Author keywords available]

Indexed keywords

CAPITAL FLOW; ECONOMIC DEVELOPMENT; FOREIGN DIRECT INVESTMENT; GLOBALIZATION;

EID: 0034522832     PISSN: 01436597     EISSN: None     Source Type: Journal    
DOI: 10.1080/01436590020011963     Document Type: Article

References (6)

1. The article deliberately avoids aid flows to obtain a more informed discussion of private capital movements.
2. Hirst and Thompson (1996: 2) claim that the international economy is less open and integrated than during the regime that prevailed from 1870 to 1914. While the legal instruments then may have been less restrictive (eg the immigration flows from Europe to the USA and Australia), today's increased information and material advancement of the majority and their consequent effects on the spread of knowledge raise doubts over such blanket statements.
3. See Rasiah (1996) for figures on Taiwan.
4. The regional division of labour viewed by Henderson (1990) has now taken on new dimensions following the penetration of flexible production systems in microelectronics manufacturing in Singapore, Taiwan and Malaysia.
5. For simplicity, we have avoided a test on heteroskedascity econometrically.
6. See Gerschenkron (1961), Skocpol (1985), Amsden (1989) and Panitch (1996) for lucid arguments defending the relevance of the state in engendering and sustaining economic growth.