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Document Type

Conference Paper

Publication Date

1900

Conference Dates

1900

First Page

1

Last Page

5

Keywords

Capital flows, official development assistance, Eastern Europe

Abstract / Description

Susan Collins analyzes a very interesting, pertinent but complex question: To what extent the capital flows to developing countries will be diverted to assist the Eastern Europe and the former Soviet Union? She concludes that there is little concern in terms of private capital flows, as few developing countries currently have access to these flows and the economies in transition are unlikely to enjoy large-scale private flows. She then examines the past experiences in respect of official development assistance, and in the light of these experiences, concludes that if ODA is allocated to the economics in transition (EITs) on comparable basis as to other developing countries this would divert roughly $8 billion out of $40 billion of annual ODA flows to developing countries.

Comments

Comments by Ishrat Husain on the paper by Susan Collins examining whether capital flows to developing countries would be diverted to Eastern Europe and the former Soviet Union. The commentary critiques the simplistic regression methodology used and proposes an alternative analytical framework accounting for macroeconomic aggregates, debt burdens, and terms-of-trade effects. Dated May 1, 1992. IH0226

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