The chief symptom of the failure to do that, of course, is the continuing outflow of migrants.The biggest pressure on emigration, in turn, is the crisis in the countryside.
According to EPFR, a provider of fund flow data, American and emerging market equity funds experienced continued outflows in the first week of June, with investors redeeming $7.74 billion from equity funds and putting $5.98 billion into less-risky bond funds — a 47-week high.
"Against a turbulent market and economic background, Man's funds under management have declined in the period principally as a result of continued net outflows and the deleveraging of our guaranteed products," Man Group's chief executive, Peter Clarke, said in a statement.
But the bank was able to stem a net outflow of money while its investment banking performance continued to disappoint.
Yet investors continue to shun mutual funds with a focus on American stocks; Morningstar reported a net outflow of $3.8 billion in the first two months of 2012, bringing the total in the 12 months through February to $114.2 billion.
Tax issues also tend to keep business offshore while not preventing a huge outflow of capital.
Overall, in 2016, hedge funds faced a net outflow of $55.9bn.
In the 11 previous weeks, the funds had a net outflow of $3.8 billion.
When stocks fell from October 2007 to March 2009 in a bear market, there was a net outflow of nearly $200 billion.
