近年来,证券投资成为发展中国家从国外融资增长速度最快的形式之一,占流向发展中国家全部资本的1/5。目前的证券投资集中流向少数几个国家(主要是拉丁美洲)。然而,从理论上说,证券投资向其他国家扩展的潜力还是很大的,尽管从实践上说,由于投资者对国家信誉 In recent years, securities investment has become one of the fastest growing forms of financing for developing countries from abroad, accounting for one fifth of all capital flowing to developing countries. The current portfolio of investments flows to a few countries (mainly Latin America). However, in theory, the potential of securities investment to expand to other countries is still great, although in practice, because investors’