Advanced economies were rich when they liberalized their capital accounts (2010 average per capita USD).
Note: Periods of capital account liberalization identified detecting upward spikes to the frontier of the Chinn–Ito index. Sources: IMF; World Bank.
Part of: Bery S, Biondi F, Brekelmans S (2019) Twenty years of the G20: Has it changed global economic governance? Russian Journal of Economics 5(4): 412-440. https://doi.org/10.32609/j.ruje.5.49435