		ID21 Home
		Insights
		Issue #26
		Gone with the Flow: Are free capital bonanzas good for development?

		Currency crises - the policy fallout

		The truth about Thailand

		Korea: understanding the crisis behind the crisis

		We can work it out: crisis and the morning after

		Unidentified flying cash: Asia's lessons for Africa

June 1998 Insights Issue #26

Back to Insights menu

Gone with the Flow

Are free capital bonanzas good for development?

When the then British Chancellor Kenneth Clarke proposed in 1996 that the International Monetary Fund should amend its articles of agreement to encourage the liberalisation of capital flows, it seemed an uncontroversial idea that would merely rubber-stamp existing practice. But in the wake of the financial crises that have swept Asia in the last 12 months, the wisdom of letting capital flow in and out of a country unimpeded no longer seems self-evident.

Full editorial...

Also in this issue:

Currency crises - the policy fallout

The truth about Thailand

Korea: understanding the crisis behind the crisis

We can work it out: crisis and the morning after

Unidentified flying cash: Asia's lessons for Africa

FREE Information Delivery services from ID21:

ID21 is enabled by the UK Government Department for International Development(www.dfid.gov.uk) and hosted by the Institute of Development Studies (www.ids.ac.uk/ids), at the University of Sussex, UK. Charitable Company No. 877338. ID21 is a oneworld.net (www.oneworld.org) partner and a mediachannel affiliate (www.mediachannel.org).

Coming in Issue #27: Care at the Crossroads
testing new partnerships for social provision

Views expressed in INSIGHTS are not necessarily those of DFID, IDS, id21 or other contributing institutions. Copyright remains with the original authors but (unless stated otherwise) articles may be copied or quoted without restriction, provided id21 and originating author(s) and
institution(s) are acknowledged.