Dr. Wesso outlined policies essential for developing
countries to attract foreign investment in order
to achieve economic growth and also to support
tax reform, financial systems, liberalization of
exchange control, deficit reduction, and increased
returns. All of this may be achieved by examining
capital movement with the assistance of widely
used determinants in the field of capital flows and
developing economies. Wesso’s technique aimed
to determine the dynamics between capital flows
and other economic variables, using quarterly data
relating to South Africa during 1991–2000.