Why doesn't capital flow from rich countries to poor countries?

Author: (English) Lucas // Ying Hongji
Publisher:
Publishing Date: 2005-05-01
Features: "Economic growth" has been one of the most exciting fields in economics over the past fifteen years. Economists are now seeking reasonable answers to profoundly significant questions: Why did some countries experience rapid growth after World War II while others stagnated; why did per capita income remain unchanged for most of human history but suddenly take off in the 18th century—this phenomenon is known as the Industrial Revolution. In this book, the distinguished economist Robert E. Lucas Jr. collects several of his important papers on economic growth and his Kuznets Lectures at Yale University to articulate a consistent view of economic growth.