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Yet even setting aside doubts about how far this is desirable (it is hard to believe growth in India or Brazil would have reached today's levels without foreign capital), the studies raise questions about whether capital controls are really the right response.
ECONOMIST: Economics focus
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The cumulative effect is that Egypt is fast becoming a Middle Eastern version of Haiti: a country without meaningful tourism, minimal foreign investment, massive capital flight, and eventually an exodus of its best and brightest.
FORBES: The Brotherhood's Agenda, Cairo's Catastrophe
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If this is the chosen route, Capital One offers the most credit cards without Foreign Transaction Fees.
FORBES: Avoiding Credit Card Ripoffs While Abroad
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Capital One was the first bank to issue credit cards without foreign transaction fees.
BBC: Paying the price for foreign transactions
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It cannot hope to raise the capital it needs to reach its development targets without encouraging both domestic and foreign investment.
CNN: Vietnam and the Crisis
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If capital is lent or invested honestly, without corruption or coercion, the real story in South Korea may be the success of foreign capital in reforming the chaebol.
ECONOMIST: Letters