Prasad, Eswar S.; Rajan, Raghuram G.; Subramanian, Arvind - In: Brookings Papers on Economic Activity 38 (2007) 1, pp. 153-230
Nonindustrial countries that have relied more on foreign finance have not grown faster in the long run as standard … results do not imply that foreign finance has no role in development or that all types of capital naturally flow “uphill …