Tweet [1]
… is from page 32 of Daniel Cohen’s odd but useful 2006 book, Globalization and Its Enemies [2] (which is the translation, by Jessica Baker, of his 2004 book, La Mondialisation et ses ennemis):
There is no convincing proof that returns to capital in the form of profits are greater in poor countries than in wealthy countries. Far from then observing a tendency for international capital to flow toward the South, it is shown that capital has a much greater tendency to leave the South and go to the North.