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Capital Flow: Rich vs. Poor Countries by John Reed is a document available to read on EtoBox.

What is Capital Flow: Rich vs. Poor Countries about?

The document discusses why capital does not always flow from rich to poor countries according to economic theory. It points out that human capital, which is not included in simple capital models, could help explain the differences in marginal product of capital between nations. Specifically, the marginal product of capital is increasing in human capital levels. Therefore, the return on capital may be higher in rich countries with abundant human capital compared to poor countries with scarce capital and lowe

Author

John Reed

Language

EN