Fight or Flight? Democratic Consolidation and Capital Flight in Latin America
Journal: Digital Repository at the University of Maryland (University of Maryland College Park)
Year: 2017

Since 1980, developing countries lost US$16.3 trillion dollars as a result of capital flight (Kar 2016) representing a major threat to international development efforts. This dissertation investigates why some democracies in the developing world experience much more capital flight than others. Using the experiences of Latin America democracies, the fundamental reasons for flight lie in the failure of these countries to consolidate their democracies. As a result of their failure to consolidate, t