Reference > The New Dictionary of Cultural Literacy > 18. Business and Economics
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  The New Dictionary of Cultural Literacy, Third Edition.  2002.
 
capital flight
 
 
The rapid movement of investments out of a market or country that is seen by investors as unstable.  1
‡ In 1998, Indonesia experienced a capital flight, which brought on political as well as economic instability.  2
 
 
The New Dictionary of Cultural Literacy, Third Edition. Edited by E.D. Hirsch, Jr., Joseph F. Kett, and James Trefil. Copyright © 2002 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved.

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