Capital flight

Definition

Capital flight is the rapid movement of large sums of money or assets out of a country due to economic or political instability. This phenomenon often leads to a decrease in investment and exacerbates issues of global inequality.

Related terms

Economic Stability: The condition in which an economy operates without excessive fluctuations in key indicators such as growth rates, inflation, and unemployment.

Political Instability: A situation where there is uncertainty or unpredictability concerning governance, often leading to abrupt changes in government policies or leadership.

Global Inequality:

The unequal distribution of resources and opportunities among different countries across the world, contributing to varying levels of prosperity and standards of living