Capital Flows and Home Bias

Capital should flow from countries with low marginal rates of return to countries with high marginal rates of return. The former tend to be high income countries, where investment possibilities have been exhausted, and the latter are low income countries, with a wealth of opportunities, and yet capital flows the other way, why? Can we explain the pattern of capital flows?

This is a free public lecture by Jagjit Chadha, Gresham Professor of Commerce.

There is no need to book in advance for this lecture. It runs on a first come first served basis.