"It represents an opportunity to transform the way we deal with the flows of wealth and human energy".
In every area, the industry is looking to push more power on lines that cannot keep up with the flows, utility workers and independent experts say.
However, the sums are modest compared with the flows in and out until 2002 especially after discounting the €180 billion purchase of Mannesmann by Vodafone in 2000.
The three economists looked at actual portfolio flows during the crises, and compared them with the flows they would have expected from extrapolating past trends.
The clampdowns in the Netherlands and Luxembourg meant investment flows to offshore financial centres retreated from their recent high of $132bn in 2013, but remained "high" and roughly in line with the flows of previous years.
As Mr Akbar writes, "the germ of theocracy lay in Pakistan's genes".In this section Over a billion people now Future unrosy Go with the flows How the reader was lost Forecasting trouble Winter chill ReprintsNo one would have been more appalled by this than Pakistan's founder, Muhammad Ali Jinnah.
