Money transferred abroad to avoid taxes or inflation, achieve better investment returns, or to provide for possible emigration.
- Existing flight capital abroad also might be mobilized either by the country experiencing the crisis or by the international community.
- One issue, however, has been strikingly absent from the public debates: the regulation of the flow of private flight capital from poorer to richer countries.
- The possibility of using the anti-money-laundering regulations to curtail flight capital has also begun to appear in the context of the growing U.S. interest in cracking down on government corruption in poorer countries.
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Syllabification: flight cap·i·tal
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