capital flight

Cultural Dictionary

capital flight definition


The rapid movement of investments out of a market or country that is seen by investors as unstable.

Note: In 1998, Indonesia experienced a capital flight, which brought on political as well as economic instability.
The American Heritage® New Dictionary of Cultural Literacy, Third Edition
Copyright © 2005 by Houghton Mifflin Company.
Published by Houghton Mifflin Company. All rights reserved.
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