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Article: Smart moves on developing countries
- Article from:
- New Straits Times
- Article date:
- June 2, 2006
- Author:
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Hardev Kaur
New Straits Times
06-02-2006
Smart moves on developing countries
Byline: Hardev Kaur
Edition: Main/Lifestyle
Column: My notebook
THE year 2005 was a landmark year in global development finance with net private capital flows to developing countries reaching a record high of US$491 billion (RM1.8 trillion).
Capital flows between developing countries or South-South flows are growing more rapidly than those between the developed and developing countries or the North-South flows. And according to the World Bank this is particularly evident in foreign direct investments.
This trend is gaining strength and "has important implications, reflecting the growing size and weight of developing ...