This book investigates the complex dynamics and implications of global capital flows in the late 20th century. Griffith-Jones, a noted economist, draws upon extensive data and analysis to explore the motivations behind these flows, their impact on developing and developed economies, and the challenges they pose for international financial stability. The work aims to provide a comprehensive understanding of the forces shaping global finance and their consequences.

This work is recognized for its detailed examination of international finance, offering a thorough analysis of capital movements. It is considered a valuable resource for understanding the economic forces at play in global markets during the period it covers. The book provides a robust framework for analyzing the interconnectedness of national economies through financial channels.