| 单词 | capital flight |
| 释义 | capital flight Large-scale and sudden movements of capital from a country, by residents or foreigners. The causes of capital flight include fear of public disorder or persecution leading to personal danger to its owners, fear of confiscation or drastically increased taxation, and fear of rapid inflation leading to a loss of its value by the country's currency. Control of capital flight is very difficult when its owners are really frightened that if they keep their wealth in the country they are liable to lose all or most of it; in these circumstances they are willing to take large risks and incur heavy transactions costs to get their money to safety abroad. |
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