Introduction Good morning, and Happy New Year to all. Here we are at the beginning of 2016, almost eight years after the global financial crisis, which spawned the most synchronized worldwide economic downturn in history. A rerun of the Great Depression of the 1930s was averted, but the recovery has been anything but synchronized.
So one might expect capital to flow towards them from countries which are more 'advanced' in the ageing process.5 One might have expected this to mean capital would flow into many developing countries in Asia. Over recent years, as it turns out, the reverse has been occurring.