What other global factors move capital flows?

Raw materials. The second most important factor is adjusted with prices for exported goods. When oil, metals and Commodities are getting more expensive, exporters become richer and storage part of the profit in the securities of other countries. Developing countries depend on this factor more than developed. The first factor (a risk prize, dollar, financial conditions) is synchronized with capital flows in developed countries, and free (oil and metals) is synchronized with capital flows in developing.