The suggestion that developing countries should reintroduce controls to limit the volume of private capital flows ultimately carried the day.

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The suggestion to reintroduce controls on private capital flows in developing countries has been a topic of debate among economists and policymakers. While some argue in favor of such controls to manage volatility and prevent crises, there is no consensus that this approach has "carried the day" or been widely accepted as the best course of action. The effectiveness and desirability of capital controls remain contentious issues.

The Suggestion That Developing Countries Should Reintroduce Controls to Limit