What do economists mean by capital flight in the context of developing nations?

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Funds borrowed by the country are quickly redirected to foreign investments.Individuals prefer putting their money into city enterprises instead of farming.Capital circulates within financial markets without being used for production.Residents transfer their investments to foreign countries instead of domestic ones.

Explanation

Capital flight refers to the situation where investors move their money out of their own country and invest it abroad, rather than keeping it within the domestic economy.