Thanks for your graces !!
Capital flight from emerging markets has reached one trillion US dollars. Latin America’s contribution is a little bit over half that figure. This allows us to better understand the relative stagnation of Latin America. It is experiencing a continuing financial hemorrhage that impairs the economy to function. That half a trillion that flows to the US and to a lesser extent to Europe is the lifeblood that the economic system needs to grow ; create employment and build up a healthy middle class that through aggregate demand promotes innovation and more growth.
