Capital flows still matter.

• Author: Tyson, Laura
• Position: Off the News - Brief article

"Despite a significant contraction from 2007 to 2009, resulting from the deep global recession, the combined value of financial flows and trade in goods and services was 36 percent of global GDP in 2012-1.5 times higher than in 1980.

"The report also confirms that greater openness to global flows has been a significant source of economic growth for individual countries and worldwide. Overall, the research estimates that global flows have contributed 15-25 percent of global growth each year, with more interconnected countries receiving 40 percent...