Free global capital flows bring about better and more efficient allocation of the global pool of savings to the more productive uses. From the developing country’s viewpoint, free access to global capital markets increases available investible resources which augments domestic savings, reduces marginal cost of capital, accelerates investment and growth.
c.  According to Stanley Fischer, ‘....open capital accounts support the multilateral trading systems by broadening the channels through which countries can finance trade and investment.”  d.  Open capital accounts facilitate portfolio diversification by investors in developed as well as developing countries.