>The hope was that opening up international capital markets would
>make it easier for poor countries to finance industrialization. But
>as we sit here and look at the United States's $250 billion plus
>annual trade deficit, it seems that something has gone very wrong.
>In the aggregate, capital is not flowing from rich countries to poor
>countries, but from everywhere else to the United States.
Or it was until recently, if the dollar downdraft is anything meaningful.
Doug