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Following the money: The globalization of capital flows and private equity
Author(s) -
Quinlan Joseph
Publication year - 2008
Publication title -
thunderbird international business review
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.553
H-Index - 37
eISSN - 1520-6874
pISSN - 1096-4762
DOI - 10.1002/tie.20221
Subject(s) - latin americans , capital flows , equity (law) , private capital , private equity , emerging markets , globalization , economics , developing country , global imbalances , development economics , equity capital , capital (architecture) , international trade , economy , capital market , current account , market economy , finance , political science , economic growth , macroeconomics , geography , foreign direct investment , liberalization , archaeology , exchange rate , law
Abstract Global capital flows have long been the domain of the developed nations. The emerging markets, at best, have been nominal players. Today, the tables have begun to turn. The developing nations have become bigger players as global growth increasingly shifts toward the Middle East, Asia, Central Europe, and Latin America. Accordingly, global capital flows are slowly being reconfigured; in the future, flows will increasingly take the form of north‐south movements, or flows between the developed and developing nations. They will also become south‐south in nature, as well as south‐north. Private equity, long driven by U.S. players, will become less U.S.‐centric in the future. © 2008 Wiley Periodicals, Inc.